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Trading without stop loss

Michihito
Feb 28 at 14:02
298 příspěvků
Placing stop loss is an art. It's not that much easy as some people think. If your broker widen the spreads every now and then, change the broker. Other than that broker has nothing to do with your stop loss. Many times I have survived just by one or two pips. Find good broker. Stop blaming. Learn then trade.

RobertFerrari
Oct 23 at 19:30
218 příspěvků
Michihito posted:
Placing stop loss is an art. It's not that much easy as some people think. If your broker widen the spreads every now and then, change the broker. Other than that broker has nothing to do with your stop loss. Many times I have survived just by one or two pips. Find good broker. Stop blaming. Learn then trade.

I agree with you. Stop loss is very useful if you have enough knowledge about it.

skihav
Oct 24 at 09:07
355 příspěvků
This can sometimes be quite risky, and the result may not satisfy the trader himself.

Suradi (FXOday)
Oct 24 at 23:29
169 příspěvků
Stoploss is one feature to manage the risk in trading, a trader can measure the limit risk in every plan trading according to their preference, how to place stop loss also depending with each trader, there are a trader can use 100 pips stop loss and there are trader that uses tight stop loss, some trader use risk-reward ratio to manage profit and loss adjusted to their trading strategy.

Chelsea Blacks (blackChelsea)
Oct 25 at 11:03
92 příspěvků
Adjust SL as per your risk appetite. I always keep my SL to 5 ticks. This can vary from trader to trader.

The_unforgiven
Oct 25 at 12:28
6 příspěvků
5 ticks. that is a tiny SL. Surely you get stopped out all the time. The spread is around 1 pip

LukeRachel
Oct 25 at 23:20
376 příspěvků
blackChelsea posted:
Adjust SL as per your risk appetite. I always keep my SL to 5 ticks. This can vary from trader to trader.

It is very important to have discipline in everything. Through discipline the trader can achieve success.

Amytradesforex
Oct 26 at 11:31
11 příspěvků
LukeRachel posted:
blackChelsea posted:
Adjust SL as per your risk appetite. I always keep my SL to 5 ticks. This can vary from trader to trader.

It is very important to have discipline in everything. Through discipline the trader can achieve success.

Agreed! Forex market changes all the time like most other markets and sometimes with no solid fundamentals or technicals justifying a price movement. It can be 1 year from now, 2 years from now. But if you are not disciplined and take it easy even for a week, that can be the end of your forex capital.

skihav
Oct 26 at 13:05
355 příspěvků
This is quite risky, and it is better to do this when the trader is already completely confident in himself and his strengths.

Willowerno
Oct 27 at 04:58
18 příspěvků
Trading without a stop loss is the same as trading without a plan. Stop losses prevent traders from blowing up their accounts.

You should always trade with a plan: how much I can bear to lose, and how much I wish to lose. So, in future, you have money to trade and grow. There are some traders who trade without SL, but they have more knowledge too.

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