Trading without stop loss
Dec 23, 2020 at 15:57
Trading without stop loss is possible if you have that type of skills and strategy. Many people do hedging as a risk management policy instead of stop loss. Some do not use any of them. It is all about how much skilled you are. And what you are comfortable with. You have to find out your strength by yourself.
Member Since Jul 23, 2020
869 posts
Dec 23, 2020 at 17:36
SL is a risk management policy. It is better to trade with protection as we all know it is a risky market.
Member Since Jun 05, 2020
4 posts
Dec 23, 2020 at 19:32
This is a big no-no.
Member Since Jul 20, 2020
298 posts
Dec 24, 2020 at 01:49
It is impossible to follow risk management when trading without stop loss. If a trader trades without stop loss, he may face unexpected loss.
Member Since Nov 03, 2020
3 posts
Dec 31, 2020 at 07:29
SL is one of the best tools that we as traders have. Why should anyone not use it? It’s one of the best exit strategies.
Dec 31, 2020 at 12:55
There is huge possibility of losing your money very quickly. That's why some people are scared of investing in forex trading. Even after that everyday millions of people are trading. And it is not necessary that everyone should do trading. There are many other business one can do. And many people are doing great with other business.
Member Since Feb 19, 2017
6 posts
Jan 01, 2021 at 15:10
It's a good idea. transaction without emotion. ie fire account is stop. First need to study carefully your strategy to see if there is profit
I TRUST IN GOD
Member Since Aug 27, 2017
121 posts
Jan 01, 2021 at 15:48
As long as you are very disciplined, it can be done. I don't add any stop loss on a per trade basis on one of my accounts but on the account drawdown. If I met a drawdown of say 20%, then my trading bot will close all orders, and start all over again. I have some trading bots that have stop loss on every trade as well. It depends on your backtest and research. It also depends on one person's psychology and discipline.
Trading is a marathon, not a sprint.
Jan 02, 2021 at 05:02
Trading without Stop Loss can be done, obviously, but just to be on the safer side, you would want to trade with stop loss to avoid the losses. You can consider the input of risk and money management to make a proper trading without using stop loss mechanism.
Member Since Jul 23, 2020
869 posts
Jan 02, 2021 at 05:28
robindude posted:Market works in mysterious way. So, it is better to prepare to avoid loss for any uncertainty.
Trading without Stop Loss can be done, obviously, but just to be on the safer side, you would want to trade with stop loss to avoid the losses. You can consider the input of risk and money management to make a proper trading without using stop loss mechanism.
Member Since Jul 20, 2020
298 posts
Jan 03, 2021 at 02:32
It is essential to use stop loss to maintain risk. Because it is not possible to manage risk without stop loss.
Member Since Jun 30, 2020
47 posts
Jan 11, 2021 at 10:17
I think under no circumstances should stop loss not be used, it really is not worth the risk. I have suffered massively in the past when I was too casual and paid the price in terms of losing all my profits. I have made a fresh start with IB and fxview and vowed to never not use sl.
Member Since Aug 27, 2017
121 posts
Jan 11, 2021 at 10:20
Gleywilleyy posted:The problem here is it's based from your own experience and it may not be the same with others. Though I understand the importance of SL. As I've mentioned before it would depend on the strategy you use and how focused you are when trading. I do have an account with a stop by overall % of drawdown on all trades but not on a per trade basis. But I have another account where I use SL on all trades. It really based from your backtest, research, and forward testing. It's also a personal preference I guess.
I think under no circumstances should stop loss not be used, it really is not worth the risk. I have suffered massively in the past when I was too casual and paid the price in terms of losing all my profits. I have made a fresh start with IB and fxview and vowed to never not use sl.
Trading is a marathon, not a sprint.
Jan 11, 2021 at 10:56
Trading without stop loss is okay if you are going to stick to your trading screen through out your positions are open. If you are planning to leave your trades unattended, use of stop loss is must.
The more your practice, the more you learn.
