Stop Loss Importance
Roberto21
Mitglied seit May 02, 2019
343 Beiträge
Mar 13 2020 at 06:14
We generally know about the importance of Stop Loss, its common but don’t know when it is more appropriate to use above all the beginner traders. When was a newbie I lost my whole amount due to not using SL and after that I have been using this trading approach till even though sometimes I get more confident about the real faction of this Market.
Imamul
Mitglied seit Aug 09, 2017
536 Beiträge
Mar 13 2020 at 06:33
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. And forum community can be a great source for them to acquire real trading experience in particularly Fx factory and FPa.
Sacha36454
Mitglied seit Mar 13, 2020
4 Beiträge
Mar 13 2020 at 09:17
Stop Los must still be able to use. as a tool that will help not lose your account.
Ethan63446372
Mitglied seit Mar 13, 2020
3 Beiträge
Mar 13 2020 at 09:48
Before, I also did not use stop loss, I wanted to earn more. And as a result, loss of account.
andrew_2
Mitglied seit Jan 10, 2020
37 Beiträge
Apr 10 2020 at 12:00
Once, one of my trader friends said such a thing. The more often you place a stop loss, the more often it will trigger. Sl psychologically tunes you to a negative order.
Therefore I prefer not to set it at all.
Therefore I prefer not to set it at all.
Nasrul
(Nasrul_Swing)
Mitglied seit Feb 28, 2019
137 Beiträge
Apr 11 2020 at 11:20
andrew_2 posted:
Once, one of my trader friends said such a thing. The more often you place a stop loss, the more often it will trigger. Sl psychologically tunes you to a negative order.
Therefore I prefer not to set it at all.
It depends if u like to loss all of your hard earned money. You can go with no loss strategy.
Eurmas
The Mad Quant
(madquant)
Mitglied seit Aug 26, 2019
52 Beiträge
Apr 11 2020 at 12:58
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.
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.
Jon C
(ectan968)
Mitglied seit Nov 21, 2017
1 Beiträge
Apr 12 2020 at 04:22
andrew_2 posted:
Once, one of my trader friends said such a thing. The more often you place a stop loss, the more often it will trigger. Sl psychologically tunes you to a negative order.
Therefore I prefer not to set it at all.
Agreed.
Profits
(JapaneseGroupFx)
Mitglied seit Feb 28, 2020
77 Beiträge
Apr 12 2020 at 06:14
I don't use stops for smaller deposits and I'm doing fine