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Importance of Stop Loss
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JamDay

Member Since Jun 19, 2019  10 posts JamDay Oct 16 at 07:33
Stop loss is great but best to make sure it is the right size for the trade. No good using a 200 pip stop loss on the 5 minute chart. You will still get huge losses

jimmyneeesham

Member Since Oct 05, 2020  19 posts jimmyneeesham Nov 09 at 10:03
For me, the best reason to use stop loss is that I don’t have to monitor my trades every now and then. I feel relaxed because it will limit my loss if the market makes an unfavourable move. Do you also use stop loss always?

shaunmarsh

Member Since Oct 05, 2020  32 posts shaunmarsh Nov 09 at 12:33
You have to do some good calculations when using stop loss. Using is anywhere will be equivalent to not using it at all.

Bladiminmunro

Member Since Oct 15, 2020  40 posts Bladiminmunro Nov 12 at 04:43
You can make use of Stop loss in order to minimize your risk. A lot of traders make use of it and it helps a lot in reducing the chances of a loss.

Mitchelmarss

Member Since Oct 12, 2020  18 posts Mitchelmarss Nov 12 at 06:05
It is helpful to a lot of traders and they keep using Stop loss from time to time. Make sure you work on it before using it.

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