Jan 01 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
Jan 01 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.
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.
Jan 02 at 05:28
robindude posted:
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.
Market works in mysterious way. So, it is better to prepare to avoid loss for any uncertainty.
I too believe, that using stop losses is quite beneficial in order to keep losses away.
Jan 03 at 02:32
It is essential to use stop loss to maintain risk. Because it is not possible to manage risk without stop loss.
Aurisida posted:
Trading without a stop is possible when you follow the trade yourself constantly. And if you leave the term for a day or even a week, then it is better to put a stop loss on open trades.
Day or week is too long, I think even leaving your trade open for a minute without monitoring can be a disaster.
Stop loss and successful trading are inextricably linked with each other, as it is impossible to imagine a successful trader who does not use stop losses.
Jan 11 at 04:35
Marksteve posted:Aurisida posted:
Trading without a stop is possible when you follow the trade yourself constantly. And if you leave the term for a day or even a week, then it is better to put a stop loss on open trades.
Day or week is too long, I think even leaving your trade open for a minute without monitoring can be a disaster.
That would depend on the trading strategy that is used. For scalping yes, especially trading 1 minute charts, every second counts.
Jan 11 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.
