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Trading without stop loss
Mitglied seit Nov 09, 2020
13 Posts
Jan 12, 2021 at 03:55
Mitglied seit Nov 09, 2020
13 Posts
Gleywilleyy posted:
I think under no circumstances should stop loss not be used, it really is not worth the risk. I have suffered massively in the past when I was too casual and paid the price in terms of losing all my profits. I have made a fresh start with IB and fxview and vowed to never not use sl.
If someone is constantly monitoring their trades then it’s okay to not make use of sl. As it is there is always the problem of slippage, on top of it if sl is used (which certainly takes its own time to get triggered), trading profitably is just not possible.
Feb 09, 2021 at 10:57
Mitglied seit Jul 04, 2020
22 Posts
Whether we use SL while trading or not, I think that totally depends on a trader's strategy and plan. It is not necessary to have a stop loss placed every time you are trading, but yes it serves as an extra cushion against major losses for sure.
Mitglied seit Jul 23, 2020
696 Posts
Feb 28, 2021 at 14:02
Mitglied seit Jul 19, 2020
310 Posts
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.
Oct 24, 2021 at 23:29
Mitglied seit Apr 03, 2021
437 Posts
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.
Mitglied seit Jan 22, 2021
126 Posts
Mitglied seit Oct 18, 2021
9 Posts
Mitglied seit Mar 16, 2021
447 Posts
Oct 25, 2021 at 23:20
Mitglied seit Mar 16, 2021
447 Posts
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.
Mitglied seit Jun 19, 2020
38 Posts
Oct 27, 2021 at 04:58
Mitglied seit Jun 19, 2020
38 Posts
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.
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.
Mitglied seit Jan 22, 2021
126 Posts
Mitglied seit Jun 17, 2021
44 Posts
Nov 01, 2021 at 04:34
Mitglied seit Jun 17, 2021
44 Posts
The main advantage of applying stop loss in your trading is that you will protect yourself from giving back all your profits in just one or two weeks. You can also prevent a deep drawdown which will bring you to the margin call level, and even to the liquidation of your account.
Mitglied seit Jun 14, 2021
51 Posts
Nov 09, 2021 at 14:49
Mitglied seit May 14, 2019
27 Posts
Trading withpout stop loss is a very risky idea, especially when we speak about novices in trading activity. In my opinion, if you have just started your trading career, then you're obliged to use stop-loss. It saves you from huge losses and bad emotions. You prepare yourself for losses, shortly after you open a position. It can bring you various emotions, but it won't harm your nerve system as if you would lose all your money. If we speak about professional traders, then they can not use stop-loss, because they know how to weight risks and they're susceptible to high risks. So, anyway, you decide what you want to get from trading activity, experience and money, or just drive and emotions.
Mitglied seit Jun 07, 2021
70 Posts
Nov 10, 2021 at 05:20
Mitglied seit Feb 20, 2021
77 Posts
Traders do have a thought that profits get hampered when they put a "stop loss", but actually that’s not the case. Stop loss helps in limiting your losses, and if you find that the market is going in your favor, you can modify your "Stop loss" at any time. But remember greed can make you experience big losses, so it’s better to earn less at a time instead of losing everything in one time.
Mitglied seit Feb 02, 2021
28 Posts
Nov 11, 2021 at 06:15
Mitglied seit Feb 02, 2021
28 Posts
If you are new to forex trading and want to play safe, the first step is to control your greed. Any currency pair you choose to trade in, it is a must to put a stop-loss value depending on your entry price. Thus it reduces the potential risk on your investment by lowering the chances of loss to a minimum level.
Mitglied seit Jul 20, 2020
385 Posts
Nov 11, 2021 at 07:53
Mitglied seit Jul 20, 2020
385 Posts
Stop losses are essential. They give you clarity on whether your strategy is working and also stop blow outs. Every single trader will be wrong at some point and you want to be wrong small not big. No stop loss could wipe out days or weeks worth of profit

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