Stop Loss Importance
Member Since Jan 08, 2021
12 posts
Apr 08, 2021 at 09:44
You can probably watch a few videos and read about where to effectively place your stop loss. You will get an idea of it with time and practice.
Member Since Mar 17, 2021
536 posts
Jun 07, 2021 at 05:54
Akasuki posted:Yes. Without proper knowledge about SL, it is quite difficult to use it.
Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.
Member Since Nov 03, 2020
65 posts
Jun 08, 2021 at 07:50
Using stop loss really helps a lot to avoid losses that may arise during trading if there are changes in the market.
Member Since May 27, 2021
64 posts
Jun 08, 2021 at 09:27
Stop loss limits our losses and that's why it is a crucial part of forex trading.
Member Since Jun 04, 2021
5 posts
Jun 08, 2021 at 11:55
Stop loss is very important! I actually have no idea how traders can trade without it lol. Trading without stop loss is like a guaranteed way to throw your account! Although admittedly, it's a bit challenging to know the optimal stop loss placement because you don't want your stop loss to close our your trades unnecessarily, of course.
“Don’t be afraid to give up the good to go for the great.” – John D. Rockefeller
Member Since Jun 08, 2021
9 posts
Jun 08, 2021 at 12:48
Stop loss is the single most important thing in trading. next is lot size. everything else is secondary
Member Since Sep 12, 2017
238 posts
Jun 08, 2021 at 17:04
stop loss is imp no doubt but trailing stop loss is something which is interest and helpful
Nov 27, 2021 at 15:25
It's pretty difficult to underestimate the necessity of using stop loss. The vast majority of traders don't use it because they think that it restricts their potential income, however it's very important to reduce risks. If you lose the position, it's okay, it's trading and nobody is protected from it.
So, always use the stop loss, as for take profit, then here you have to decide by yourself.
So, always use the stop loss, as for take profit, then here you have to decide by yourself.
Dec 02, 2021 at 06:35
A stop loss limits a trader from suffering undesirable loss, everytime market moves against him. An additional benefit of using a stop loss is that it frees a trader from any emotional influence. Market can take a quick turn before you could make any decision about whether you want to hold the position or sell.
Member Since Oct 19, 2021
18 posts
Dec 02, 2021 at 08:12
Stop loss is one of the most important tools in trading, not only because it allows us to exit objectively from losing trades, but it also allows us to maintain an adequate money management and maintain optimal risk management.
Member Since Apr 09, 2019
538 posts
Dec 02, 2021 at 10:30
Regardless of your level as a trader we cannot ever 100% know the direction of the market so a SL is a MUST in all trades we take and is part of any sensible risk management strategy.
If you can't spot the liquidity then you are the liquidity.
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