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How well does stop loss work if a disaster strike?

tranle447 (tranle447)
Feb 07 2016 at 22:46
119 posts
Should trade with leverage 1:2 maximum . In this case , there is no way your account would be wiped out , even a big disaster strikes.

Often , the best trade is no trade at all
lou111
Feb 08 2016 at 08:04
7 posts
arigoldman posted:
It doesn't work. I've been in situations where the stop was not triggered. See 15 Jan 2015 SNB decision.


That move was just devastating. And it happened in matter of minutes.

 

Could you share how did your trading change in regards to leverage after that SNB decision.

thanks

lou111
Feb 08 2016 at 08:05
7 posts
tranle447 posted:
Should trade with leverage 1:2 maximum . In this case , there is no way your account would be wiped out , even a big disaster strikes.


 
It's pretty safe leverage , but even that would have been devastating . Losing 30% in 30min, what if you sold after you lost 30% which is 60% loss in your account ,still pretty bad.


But i can imagine it must be really difficult trading currencies 1:2 leverage.

togr (togr)
Feb 09 2016 at 08:42
4862 posts
lou111 posted:
arigoldman posted:
It doesn't work. I've been in situations where the stop was not triggered. See 15 Jan 2015 SNB decision.


That move was just devastating. And it happened in matter of minutes.

 

Could you share how did your trading change in regards to leverage after that SNB decision.

thanks

Yes exactly
15 Jan 2015 SNB decision - positions simply did not close at SL. Good brokers did refund this but even big players like Pepperstone did not.

RobSchiz
May 30 at 08:34
137 posts
Stop loss is very important to make money from this market.

SofieAndreasen
Jun 08 at 10:15
441 posts
It depends on brokers' execution speed. But traders will face slippage.

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