Many traders think stop loss
Mitglied seit Sep 12, 2017
238 Posts
Mar 18, 2021 at 11:45
it is not a problem. it actually saves from bigger loses.
Mitglied seit Apr 03, 2021
12 Posts
Apr 23, 2021 at 11:25
No, I think stop loss is a very good tool for managing risk. I don’t understand how someone would want to trade without this critical risk management tool.
Mitglied seit Jul 23, 2020
869 Posts
Apr 23, 2021 at 14:26
SL is a risk management tool in trading. Every trader must use it.
Mitglied seit Mar 16, 2021
477 Posts
Apr 24, 2021 at 01:17
Professional trading style is to use stop loss. If a trader trades without using stop loss, he will not be able to maintain risk.
Mitglied seit Jul 23, 2020
759 Posts
Apr 24, 2021 at 20:37
Akasuki posted:Stop loss is important for all kind of traders in my opinion. It is a best tool for risk management.
For short term traders stop loss is very important. But placing a stop loss is not very easy. Most of the time you will hit stop loss if it's not placed in the right place. It requires good skills and experience.
Apr 25, 2021 at 22:46
Usually to place stop loss trader will using support and resistance level, the reason is simple if these level has a breakout, it's possible the trend will change, but there is another trader maybe use a different method to place stop-loss, like as using ATR to get average range on the timeframe, sometimes stop-loss indeed make regret if occurs after price hit stop loss but then few moments later the price reached the target
Mitglied seit Mar 17, 2021
536 Posts
May 17, 2021 at 17:28
UweMoench posted:Stop loss is a very important thing in trading. If you don't have proper knowledge about SL, you may face a huge loss.
Many traders think stop loss is a problem. But I think placing stop loss in the right area is the problem. Many place SL by counting pips not by seeing levels. Again it depends on the type of trading style.
Sep 09, 2021 at 18:06
Definetely stop loss isn't a real problem. Of course, some traders might claim that it's very inconvenient and it brings potential profits from you, however I bet the biggest amount of traders would lose everything in a couple of trading days if there was no stop loss actually. If you're skilled and experienced enough, so you can try to trade without stop loss, but you have to monitor your deals all the time, which isn't recommended for traders mostly because there is a big chance to overtrade. So, I believe that stop loss is a problem only for those traders who can't understand its necessity.
Mitglied seit Jun 14, 2021
28 Posts
Sep 13, 2021 at 11:28
I prefer to miss a profit than to incur a loss. Going against your risk management strategy can be the biggest mistake in trading. Doing it once, you are likely to make a habit out of it and this can make you a highly indisciplined trader.
Sep 15, 2021 at 00:18
I'm not a big fan of using a stop-loss unless I'm in profit. I set alerts at areas of concern, check positions regularly and close manually if I feel uncomfortable.
Yes, I may be open to black swans, but it's a risk I am happy to take.
Yes, I may be open to black swans, but it's a risk I am happy to take.
All or nothing
Sep 16, 2021 at 18:50
I think a stop loss is a very important tool. It's important to use it with a good risk management strategy. I do not risk any more than 2% of my account on any one trade. Also, when a trade comes into profit I move the stop loss to retain a level of those profits so I've always got pips in the bag.
Sep 16, 2021 at 23:46
Stop loss is the way to manage the risk in trading, how to place stop loss each trader having own parameter, some of them using risk level, some another use support and resistance as the place, I think each trader have own preferences to manage the risk, now I am trying to use automatic trading and set stop loss 100 pips.
Mitglied seit Jun 09, 2021
44 Posts
Sep 20, 2021 at 08:18
@Karlos Fandango Stop loss is used to minimize your losses , there is no way a trader cannot like stop loss as it saves their money, especially during a market crash.
Sep 22, 2021 at 16:15
Stop losses cannot be considered as a problem, but they have certain disadvantages. The major con is the fact that SLs are too accurate. I mean that even if you use the levels in order to determine the right place for the stop loss, the price is able to move slightly beyond this threshold and then go back to the area that you've expected.
Sep 23, 2021 at 02:22
necolesilvers posted:Exactly, risk management is very important. And for this, I need to use Stop Loss.
I prefer to miss a profit than to incur a loss. Going against your risk management strategy can be the biggest mistake in trading. Doing it once, you are likely to make a habit out of it and this can make you a highly indisciplined trader.
