For the non-conventional trader: I have traded for 7 years, I do not use stop loss, I hedge every day, I choose to not take losses no matter what the draw-down, but I grow my balance every day. I have a 85.47% roi for the year (balance). I know what risk is and watch every position I place, and if a trade gets stuck, who cares in my world, I just start trading the other direction, continuing to grow my account larger and larger. Remember 7 years, with large draw-downs, still alive, kicking and growing!
Only take what the market will let you have, and Never accept a loss!