Edit Your Comment
Stop Loss Importance
Členem od Mar 03, 2020
3 příspěvků
May 25, 2020 at 12:02
Členem od Mar 03, 2020
3 příspěvků
This tool is used by all traders, so of course it is very important for everyone
Členem od Jan 06, 2020
83 příspěvků
May 25, 2020 at 19:17
Členem od Jan 06, 2020
83 příspěvků
gans5566 posted:
This tool is used by all traders, so of course it is very important for everyone
No it's not used by all, I have seen a lot here that don't use it.
Market Direction
Členem od Apr 25, 2020
119 příspěvků
Jun 10, 2020 at 04:49
Členem od Apr 25, 2020
119 příspěvků
Stop loss gives me the opportunity to not lose money
Členem od Feb 18, 2020
19 příspěvků
Jun 10, 2020 at 11:25
Členem od Feb 18, 2020
19 příspěvků
if you are trading without stoploss - you are daredevil. and I feel so insecure talking to people like that haha
Členem od Sep 12, 2017
238 příspěvků
Jun 10, 2020 at 11:53
Členem od Sep 12, 2017
238 příspěvků
There are always FX traders who don't want to close a losing trade because they think that the market will move in their favour. But the problem is, the markets are not generally known for moving in the favour of individual traders, so trading Forex with no stop-loss is literally like putting emotions over logic. But keep in mind that stop-loss orders do not guarantee you profit – nor will they make up for a lack of trading discipline. You need to be confident in your trading strategy and stick to your action plan.
Členem od Jan 11, 2019
147 příspěvků
Jun 10, 2020 at 12:00
Členem od Jan 11, 2019
147 příspěvků
Stop-loss is useful tool for almost all currency trading strategies as it can be attached to both long and short trade positions. No matter how closely one might try to monitor the market, it is impossible to accurately predict Forex market movements. Every day comes with changes that have significant impact on the market, such as global politics, central banks’ actions, and economic events. Many global factors can cause major shifts in the trend of currencies at the snap of a finger. As such, even the savviest trader can find themselves on the adverse side of a market move. When severe market dips happen, stop loss trading can help to close out your position and prevent excessive losses.
Informed Forex traders always include a stop-loss order when placing trades. In fact, you should not, or else you risk blowing your account up with losses when the price trend goes the unexpected way.
Informed Forex traders always include a stop-loss order when placing trades. In fact, you should not, or else you risk blowing your account up with losses when the price trend goes the unexpected way.
forex_trader_1579982
Členem od Jun 04, 2020
48 příspěvků
Jun 12, 2020 at 19:50
Členem od Jun 04, 2020
48 příspěvků
Stoploss have been one of my best tools for making huge profits against the market, and afford me the best RiskManagent. No Stoploss, No Trade for me.
Členem od Feb 08, 2019
17 příspěvků
Jun 13, 2020 at 01:43
Členem od Feb 08, 2019
17 příspěvků
I was always taught to use a stop loss and for good reason, most and all traders are not 100% certain where the market may go.
Now I will sound insane but indulge me for a second.
What if you actually knew 100% that the market was indeed going to go your way even in the short term.
Then using a stop would not really matter in that case correct?
But the 1 million dollar question: who really knows when that will occur? And be consistent not just lucky on the draw...😐
I believe that is the ultimate goal of all traders even if they don't care to admit it..
Stops are a safety net one should always use unless they are 100% accurate 100% of the time
Now I will sound insane but indulge me for a second.
What if you actually knew 100% that the market was indeed going to go your way even in the short term.
Then using a stop would not really matter in that case correct?
But the 1 million dollar question: who really knows when that will occur? And be consistent not just lucky on the draw...😐
I believe that is the ultimate goal of all traders even if they don't care to admit it..
Stops are a safety net one should always use unless they are 100% accurate 100% of the time
Insta-@Greenbandits #TradeLikeaBandit
forex_trader_1579982
Členem od Jun 04, 2020
48 příspěvků
Jun 14, 2020 at 10:00
Členem od Jun 04, 2020
48 příspěvků
greenbandits posted:quote]greenbandits posted:
I was always taught to use a stop loss and for good reason, most and all traders are not 100% certain where the market may go.
Now I will sound insane but indulge me for a second.
What if you actually knew 100% that the market was indeed going to go your way even in the short term.
Then using a stop would not really matter in that case correct?
But the 1 million dollar question: who really knows when that will occur? And be consistent not just lucky on the draw...😐
I believe that is the ultimate goal of all traders even if they don't care to admit it..
Stops are a safety net one should always use unless they are 100% accurate 100% of the time
I was always taught to use a stop loss and for good reason, most and all traders are not 100% certain where the market may go.
Now I will sound insane but indulge me for a second.
What if you actually knew 100% that the market was indeed going to go your way even in the short term.
Then using a stop would not really matter in that case correct?
But the 1 million dollar question: who really knows when that will occur? And be consistent not just lucky on the draw...😐
I believe that is the ultimate goal of all traders even if they don't care to admit it..
Stops are a safety net one should always use unless they are 100% accurate 100% of the time
Always use stoplosses even if you are right, you never can tell when spike might occur against you, so stoploss I always use and best it is in saving profits for me.
Členem od Mar 31, 2018
27 příspěvků
Jun 14, 2020 at 11:35
Členem od Mar 31, 2018
27 příspěvků
madquant posted:
I don't mean discredit other's opinions but here is my take about stop loss.
If your trade lots are 'properly sized', you may never need a stop loss.
To avoid a debate because systems are different per trader, here's a thought experiment which some of you may relate to. How many of your trades have been 'supposedly right' only had it not been 'stopped'? Another one is, how many times have your accounts 'should have been blown' but saved by 'stop loss'?
If you quantify this correctly in terms of profits, then you will know objectively whether your system needs a stop loss or not.
Well Said, best response so far!!, I don't use stop loss, however my position is 'properly sized' so even if any unexpected event that occur it wouldn't blow my account. Once i fully understood this i have became consistently profitable. Also when unpredictable occasion/events occur (which always happen) you can hedge your positions. To give you time in order to re-evaluate your outlook.
Also as he mentioned it all depends on the strategy you deploy...😎
forex_trader_1579982
Členem od Jun 04, 2020
48 příspěvků
Jun 14, 2020 at 11:41
Členem od Jun 04, 2020
48 příspěvků
saleh86 posted:You better start using stops, but it's your choice.There was an event that happened couple of years ago I can't remember but not up to a decade, market jumped like more than 10,000 pips in some pairs in a single move, although I have stoplosses and it also went in my favour, just assuming you are in such situation and have a 10,000 pips against you in few seconds, now tell me what you will do or you think your balance shit will be? Better be protected all the time.madquant posted:
I don't mean discredit other's opinions but here is my take about stop loss.
If your trade lots are 'properly sized', you may never need a stop loss.
To avoid a debate because systems are different per trader, here's a thought experiment which some of you may relate to. How many of your trades have been 'supposedly right' only had it not been 'stopped'? Another one is, how many times have your accounts 'should have been blown' but saved by 'stop loss'?
If you quantify this correctly in terms of profits, then you will know objectively whether your system needs a stop loss or not.
Well Said, best response so far!!, I don't use stop loss, however my position is 'properly sized' so even if any unexpected event that occur it wouldn't blow my account. Once i fully understood this i have became consistently profitable. Also when unpredictable occasion/events occur (which always happen) you can hedge your positions. To give you time in order to re-evaluate your outlook.
Also as he mentioned it all depends on the strategy you deploy...😎
Členem od Apr 01, 2020
231 příspěvků
Jun 15, 2020 at 00:20
Členem od Apr 01, 2020
231 příspěvků
Using stop loss is really important for trader's and all types of trader's have to use stop loss, no matter which type of strategy you are using, no matter which time frame you are using for trading you have to always follow stop loss in trading. I would suggest you to check your risk and reward every time and try to open your positions for good reward areas only. I personally on concentrate on 1:2 risk and reward trading strategies.
Členem od Mar 31, 2018
27 příspěvků
Jun 15, 2020 at 10:56
(Upravené Jun 15, 2020 at 11:08)
Členem od Mar 31, 2018
27 příspěvků
PROFITINGSYSTEMS posted:saleh86 posted:You better start using stops, but it's your choice.There was an event that happened couple of years ago I can't remember but not up to a decade, market jumped like more than 10,000 pips in some pairs in a single move, although I have stoplosses and it also went in my favour, just assuming you are in such situation and have a 10,000 pips against you in few seconds, now tell me what you will do or you think your balance shit will be? Better be protected all the time.madquant posted:
I don't mean discredit other's opinions but here is my take about stop loss.
If your trade lots are 'properly sized', you may never need a stop loss.
To avoid a debate because systems are different per trader, here's a thought experiment which some of you may relate to. How many of your trades have been 'supposedly right' only had it not been 'stopped'? Another one is, how many times have your accounts 'should have been blown' but saved by 'stop loss'?
If you quantify this correctly in terms of profits, then you will know objectively whether your system needs a stop loss or not.
Well Said, best response so far!!, I don't use stop loss, however my position is 'properly sized' so even if any unexpected event that occur it wouldn't blow my account. Once i fully understood this i have became consistently profitable. Also when unpredictable occasion/events occur (which always happen) you can hedge your positions. To give you time in order to re-evaluate your outlook.
Also as he mentioned it all depends on the strategy you deploy...😎
What and when did this event occur where 10,000 pips loss occurred within a few second... please let me know and what pair?
Členem od Feb 08, 2019
17 příspěvků
Jun 15, 2020 at 14:39
Členem od Feb 08, 2019
17 příspěvků
PROFITINGSYSTEMS posted:Always use stoplosses even if you are right, you never can tell when spike might occur against you, so stoploss I always use and best it is in saving profits for me.
Totally agree..
Secure the bag especially when your trade is in profit...
Insta-@Greenbandits #TradeLikeaBandit
Členem od Feb 12, 2020
12 příspěvků
Jun 19, 2020 at 12:10
Členem od Feb 12, 2020
12 příspěvků
Stop loss is a very important function
Členem od May 10, 2019
14 příspěvků
Jun 22, 2020 at 05:27
Členem od May 10, 2019
14 příspěvků
All the forex market does is bounce up and down between the stop losses and the prices where retail traders are closing at a loss. Whether you set a SL or not. You always have one. Even when not using leverage. If market moves 50% against you. Your broker closes your trade for a -50% loss.
It’s ultimate a scam. But the 1% of lucky traders will get very wealthy from it. At the expense of all the others.
It’s ultimate a scam. But the 1% of lucky traders will get very wealthy from it. At the expense of all the others.
Členem od Feb 24, 2020
5 příspěvků
Jun 23, 2020 at 12:25
Členem od Feb 24, 2020
5 příspěvků
Newcomers don’t like to use Stop Loss which is the inevitable part of trading; they have to ensure more about proper using Stop loss. And they should practice demo account for all time besides live account.
Členem od Jun 30, 2020
90 příspěvků
Jul 05, 2020 at 03:30
Členem od Jun 30, 2020
90 příspěvků
Stop-loss gives us the opportunity to not lose.
Členem od Jul 04, 2020
22 příspěvků
Jul 06, 2020 at 06:38
Členem od Jul 04, 2020
22 příspěvků
SL is a good way to limit your losses. I use it most of the times while trading.
Členem od Jul 23, 2020
759 příspěvků
Aug 14, 2020 at 17:12
Členem od Jul 23, 2020
759 příspěvků
An expert FX trader will always place a stop loss order when making a trade. Some traders dare not comfortable to use stop loss order. If the price trend goes in an unexpected direction, one may lose his/her whole capital.
*Komerční použití a spam nebudou tolerovány a mohou vést ke zrušení účtu.
Tip: Zveřejněním adresy URL obrázku /služby YouTube se automaticky vloží do vašeho příspěvku!
Tip: Zadejte znak @, abyste automaticky vyplnili jméno uživatele, který se účastní této diskuse.