Believes.

Oct 27, 2019 at 06:51
2,461 Views
51 Replies
Member Since Jul 23, 2020   759 posts
Oct 18, 2020 at 17:18
AliaDare posted:
If a trader trades emotionally, he will never succeed in trading. Stop Loss is an important part of trading. If a trader cannot set the stop loss properly, he will never be able to make a profit. If you give less stop loss in the Volatile market, it is more likely to hit. And in the impulsive market situation, if the stop loss is less, there is no problem and it is better to give the stop loss on the swing point.
Stop Loss is important to survive in the market. No one know when market will take your whole capital. So, it is better to be safe.
Member Since Apr 20, 2021   14 posts
Apr 29, 2021 at 09:13
yes is good, but for this moment most of my positions is closed via stop loss:/
Member Since Mar 16, 2021   477 posts
Apr 29, 2021 at 23:58
Every trader needs to be emotionally strong. It has happened to me that after placing a stop loss if the price moves closer to that stop-loss, the stop loss shifts, and the number of my loss increases.
Member Since Dec 11, 2020   110 posts
Apr 30, 2021 at 06:20
Which is why it is important for them to realize the importance of being a disciplined trader.
Member Since Dec 31, 2020   16 posts
Apr 30, 2021 at 06:33
Discipline is indeed very important. It keeps you organised and away from panic and stress as well.
Member Since Apr 16, 2021   8 posts
Apr 30, 2021 at 08:25
I think that a trading plan really helps with discipline. Get a plan and it will give you a frame work to stick to and be discipined
Member Since Jul 19, 2020   751 posts
May 01, 2021 at 13:16
@opportunitycalls Yes you are right. Plan with discipline is very important in forex trading. After making a plan, sticking to the plan is important. Most people can not do it.
Member Since Jul 23, 2020   869 posts
May 01, 2021 at 16:43
BrantleyC posted:
Discipline is indeed very important. It keeps you organised and away from panic and stress as well.
I also agree. Traders can manage the trade with true discipline.
Member Since Mar 17, 2021   536 posts
May 21, 2021 at 17:53
opportunitycalls posted:
I think that a trading plan really helps with discipline. Get a plan and it will give you a frame work to stick to and be discipined
Yes. You are right.
Member Since Apr 01, 2020   231 posts
May 25, 2021 at 00:18
Discipline is very important and it always helps you to be a successful trader.
Member Since Jul 19, 2020   788 posts
May 25, 2021 at 14:53
Yes, this is usually done by beginner traders. However, in many cases, many experienced traders do it. We need to control our mindset. If psychology is not maintained properly, it will be very difficult to make a profit.
Member Since Apr 09, 2019   538 posts
Dec 17, 2021 at 13:43
The concept of a 'mental stop loss' isn't used by big institutions or banks, I can be sure of that! Greed leads to doing that and a complete lack of understanding of risk management.
If you can't spot the liquidity then you are the liquidity.
Member Since Dec 14, 2021   28 posts
Dec 27, 2021 at 05:54
The primary purpose of stop loss is to cut the losses from getting bigger but there’s also another benefit of using it. Stop loss helps traders to exit the trade at the right time without letting their decisions be controlled by their emotions. If you’ve placed the stop loss very strategically then you shouldn’t not adjust it. Let the price move in whatever direction. There’s no use of putting a stop loss if you are going to change it every time according to your feelings.
Member Since May 27, 2021   64 posts
Dec 27, 2021 at 09:57
You cant trade like a pro trader if you are not getting how to place the stop loss and where to place it.
Member Since Jul 19, 2020   751 posts
Dec 28, 2021 at 03:33
Trading without stop-loss is possible for professional traders. But it is quite tough to trade without stop loss for the new traders.
Member Since Dec 22, 2021   9 posts
Jan 12, 2022 at 10:15
Cordardred posted:
Stop loss should be used by all traders I guess. It doesn't matter whether you're skilled enough in trading or you just joined trading community. Those ones who trade without stop loss will definitely once face unpleasant consequences of their neglection of using stop loss. As for take profit, then here every trader has to decided by himself, because take profit restricts your potential income, while stop loss is much more important. In my opinion, the very first thing in risk management is the ability to set stop loss correctly. The perfect ratio is 3:1, tp/sl respectively. Complying with this ratio might restrict potential losses.


I am of the same opinion for stop loss usage but I do not think that there is a perfect ratio. The target and stop loss will depend on what the market provide. No point aiming for 200pips if the ATR is only 50pips
Member Since Jan 10, 2022   19 posts
Jan 12, 2022 at 10:51
Cordardred posted:
Stop loss should be used by all traders I guess. It doesn't matter whether you're skilled enough in trading or you just joined trading community. Those ones who trade without stop loss will definitely once face unpleasant consequences of their neglection of using stop loss. As for take profit, then here every trader has to decided by himself, because take profit restricts your potential income, while stop loss is much more important. In my opinion, the very first thing in risk management is the ability to set stop loss correctly. The perfect ratio is 3:1, tp/sl respectively. Complying with this ratio might restrict potential losses.
Yes, stoploss is the key to safe and successful trades.
Member Since Apr 03, 2021   470 posts
Jan 12, 2022 at 23:20
UweMoench posted:
Trading without stop-loss is possible for professional traders. But it is quite tough to trade without stopping loss for the new traders.
The professional trader has long years of experience and also a good understanding of the market, but I think they also will keep trading based on risk management maybe they trade without stop loss but will cut loss if the trading en^danger all trades, except they already don't care about the money, big trader also get big loss but never exposed
Member Since May 19, 2020   418 posts
Jan 13, 2022 at 13:47
Trader can do what seems to be right, even to trade from another room, not looking at the monitor. If it is profitable, then OK, do it.
Because the problem of those who suffer losses is not that they make irreparable mistakes, but that these mistakes are caused by the absence of the correct trading plan and trading system.
@Marcellus8610
Member Since Oct 21, 2019   25 posts
Jan 13, 2022 at 19:22
Well, I notice that lots of traders rely on luck and their beliefs in trading activity, while I can't claim that it's okay for a trader. Trader in my opinion should rely only on his/her personal experience, knowledge and take into consideration previous deals or mistakes which were made by him/her. Of course, people are tend to believe in something that doesn't relate to rational side, for example, luck. Luck has no rational traits, it's all about fiction, that's why it's easier to rely o it, rather than on your personal skills.
Anyway, for example, it's better to set stop loss, rather than thinking that everything will be oay and the price will go the same direction as the analysis showed you.
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