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7 Benefits of using stoplosses
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ElliotCooke

Mitglied seit Jul 20, 2020  229 Beiträge ElliotCooke Oct 07 at 19:16
Stop loss is very useful for new traders. But to use stop-loss ou need to have proper knowledge about this.

ethan_65

Mitglied seit Feb 07, 2020  41 Beiträge ethan_65 Oct 08 at 09:18
Stop-loss has certain advantages which I wish to add in this thread:
1. Cutting your losses: Stop loss helps you to cut your losses and ensures you against a big loss.

2. Automation: Stop loss helps to automate your selling and hence you do not need to be present all the time.

3. To maintain ‘Risk and Reward’: It’s really important to maintain risk and reward while trading.

4. Promotes discipline: It’s really important to detach yourself from market emotions.

These are my thoughts on the benefits of stop loss for a trader.

abdalayahye

Mitglied seit Jan 27, 2020  1 Beiträge abdalayahye Oct 08 at 09:58
if use large lots size its more risk stop loss so not good to use stop los



SofieAndreasen

Mitglied seit Jul 23, 2020  161 Beiträge SofieAndreasen Oct 16 at 17:30
ElliotCooke posted:
Stop loss is very useful for new traders. But to use stop-loss ou need to have proper knowledge about this.

Especially knowledge of support and resistance level is important. Always enter the market with SL. Most of the new trader fail to do that.

Marlonsmith

Mitglied seit Oct 09, 2020  18 Beiträge Marlonsmith Nov 09 at 12:51
Yes, that’s true. Stop loss is very important for any trader who wants to save himself from unnecessary losses.

Robert647373

Mitglied seit Feb 25, 2020  67 Beiträge Robert (Robert647373) Nov 09 at 13:37
Stop Loss is an important tool to protect a trader's account. But there are traders who do not use it, and these are mostly beginners who will soon lose their account. Use a stop loss, pull it up behind the price and you will limit your losses and securely lock in your profit. But in any case, do not move the stop loss against the price. That is, the price goes against you, and you are trying to push the stop loss further away - this is definitely not worth doing, since there are certain price levels to which the price does not return for a very long period of time.

Charlessmith

Mitglied seit Oct 14, 2020  22 Beiträge Charlessmith Nov 12 at 06:43
Stop loss is very useful and popular among traders. It prevents them from incurring any further losses and is quite helpful for some.

Ericdier752

Mitglied seit Nov 09, 2020  9 Beiträge Ericdier752 Nov 27 at 05:11
As a newbie, one must take every step carefully. One wrong step and you are gone. Stay calm and decide wisely.

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