Rosstaylorr
Miembro desde Oct 08, 2020
posts 25
Jan 22 2021 at 09:28
philipsimmions posted:There are various types of stop losses which are offered by the broker. My broker Fxview has provided me with the trailing stop loss. In this condition no absolute value for the stop loss is set, it is a percentage of the value of the asset. In the long run, I have also invested in the cryptocurrency through XTB, stop loss becoming irrelevant. So stop loss is a very situational tool.
Stop loss is a little bit complicated but I don’t think we should completely ignore it, rather it should be studied first than saying it is good or bad.
philipsimmions
Miembro desde Jul 14, 2020
posts 42
Jan 22 2021 at 09:55
Rosstaylorr posted:Markets are so unpredictable that I would say they are an asset across all situations.philipsimmions posted:There are various types of stop losses which are offered by the broker. My broker Fxview has provided me with the trailing stop loss. In this condition no absolute value for the stop loss is set, it is a percentage of the value of the asset. In the long run, I have also invested in the cryptocurrency through XTB, stop loss becoming irrelevant. So stop loss is a very situational tool.
Stop loss is a little bit complicated but I don’t think we should completely ignore it, rather it should be studied first than saying it is good or bad.
Stop loss is a safety net or a backstop so to say, it should be put far enough for preventing a catstrophic event, such as the black swan of unpegging of the EURO and the CHF. Otherwise, everything should be implemented programmably or by constant monitoring of the trade.
philipsimmions posted:I immediately realized that there was in any way no stop loss that could have prevented losses arising from unpegging of Swiss Franc. Money management could have been one.Rosstaylorr posted:Markets are so unpredictable that I would say they are an asset across all situations.philipsimmions posted:There are various types of stop losses which are offered by the broker. My broker Fxview has provided me with the trailing stop loss. In this condition no absolute value for the stop loss is set, it is a percentage of the value of the asset. In the long run, I have also invested in the cryptocurrency through XTB, stop loss becoming irrelevant. So stop loss is a very situational tool.
Stop loss is a little bit complicated but I don’t think we should completely ignore it, rather it should be studied first than saying it is good or bad.
In short - SL is a must but you must know how to use it properly.
That is right. But in the right situation, it can actually save a trader from any higher loss. Quite an effective tool, I’d say.
LyudmilLukanov
Miembro desde Jul 23, 2020
posts 869
May 07 2021 at 17:21
lanayates posted:It is the most useful tool in trading. Never trade without setting SL.
That is right. But in the right situation, it can actually save a trader from any higher loss. Quite an effective tool, I’d say.
Dailiesette
Miembro desde Jun 17, 2020
posts 6
Jun 11 2021 at 05:04
That is right and I always advise my friends to be very careful with using stop loss. They should first learn it properly and then make use of it on their trading system. Wrong placement of sl can be very inimical to high profits.
since I stopped putting a stop loss my trading and mentality have been going up ....it could be place as an emergency measure way far from your trade but its not usually what gets me out of a trade ... market behavior and price action does
Let them decide then get along.
CraigMcG2020
Miembro desde Jul 20, 2020
posts 399
Sep 08 2021 at 07:00
Yes i agree you have to use a stop loss for sure. It forms the basis of your trading plan. You cant measure your successful trades if one losing one can wipe out your entire week's work. It is key to have set risk to reward so no matter what trade youre in you can have idea of what you will get and then create a large sample size to see if the strategy is profitable
There are arguments for and against using them but usually it's right to have one
Not to use stop loss, you need very good skills and mindset. And also in your mind you should have an SL. It also depends the type of trading you do. If you are a short term trader, you should use SL.
@Akasuki Yes a person needs good skills and experience not to use stop loss. A new trader should not trade without SL. You can get margin.
HeavenLeighGill
(HeavLeighGill26)
Miembro desde Aug 05, 2021
posts 401
Nov 05 2021 at 14:42
I never trade without a SL, not willing to risk it.
croisssan posted:Opposite? How?
I believe that sometimes it can be the opposite of a trader's savior from losses.
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