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7 Benefits of using stoplosses
Miembro desde Jul 20, 2020
posts 341
Oct 08, 2020 at 09:18
Miembro desde Feb 07, 2020
posts 41
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.
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.
Miembro desde Jan 27, 2020
posts 1
Miembro desde Jul 23, 2020
posts 759
Oct 16, 2020 at 17:30
Miembro desde Jul 23, 2020
posts 759
ElliotCooke posted:Especially knowledge of support and resistance level is important. Always enter the market with SL. Most of the new trader fail to do that.
Stop loss is very useful for new traders. But to use stop-loss ou need to have proper knowledge about this.
Miembro desde Oct 09, 2020
posts 28
Nov 09, 2020 at 13:37
Miembro desde Feb 25, 2020
posts 95
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.
Miembro desde Oct 14, 2020
posts 25
Mar 04, 2022 at 06:53
Miembro desde Feb 16, 2022
posts 67
Avoiding using SL is all about foolishness of a trader because it bears a high degree of losses for them. A sl is usually set according to support and resistance level. Forex is a highly volatile and unpredictable market. So, a SL guards against any loss due to the sudden reverse jump of the market.
Miembro desde Aug 10, 2021
posts 176
Miembro desde Jul 20, 2020
posts 399
Mar 08, 2022 at 08:01
Miembro desde Jul 20, 2020
posts 399
A lot of good information i personally cant see one positive to not having a stop loss. Yes it gives the trade room to move but its too hard to define then. It also makes the losses so much bigger than the wins and thus only take a few bad trades to wipe out months of good work
Mar 08, 2022 at 12:19
Miembro desde Apr 09, 2019
posts 538
I can't think why you would't trade with one to be honest. When I enter a mate I want as much protection for my capital as possible. Why on earth would I leave all my capital exposed easily?
If you can't spot the liquidity then you are the liquidity.
Mar 08, 2022 at 12:28
Miembro desde Mar 08, 2022
posts 15
ethan_65 posted:Very well said.
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.
Mar 09, 2022 at 12:54
Miembro desde Jul 27, 2021
posts 20
Yes, the use of stop losses provides a control risks. Trade planning comes down to the fact that you determine in advance the maximum of your allowable drawdown.
When it comes to emotions, it is very common for emotional traders to start changing stop loss parameters during trading, which leads to a loss of control.
If you are a good trader, then you always know your risks and the maximum allowable drawdown without stop losses. So, I believe that using them is optional and depends on the strategy.
When it comes to emotions, it is very common for emotional traders to start changing stop loss parameters during trading, which leads to a loss of control.
If you are a good trader, then you always know your risks and the maximum allowable drawdown without stop losses. So, I believe that using them is optional and depends on the strategy.
Mar 24, 2022 at 07:39
Miembro desde Mar 11, 2022
posts 18
Protecting your trading capital is the top most thing that all traders should do. And it is where stop losses help. They not only prevent big losses, but also strengthen your risk management game. It is always a safe option to use stop losses.
Mar 26, 2022 at 05:19
Miembro desde Feb 15, 2022
posts 219
Using stop loss has endless benefits but the major benefit is that it guards against losses. Sometimes you cannot stay home and by that time if the market moves roughly, it will cause you a great loss. And it is where stop loss works as a shield. So, make it your priority.
Miembro desde Mar 17, 2022
posts 47
Miembro desde Sep 03, 2021
posts 9
Miembro desde Aug 10, 2021
posts 176

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