Trading without stop loss
Dec 23, 2020 at 15:57
Trading without stop loss is possible if you have that type of skills and strategy. Many people do hedging as a risk management policy instead of stop loss. Some do not use any of them. It is all about how much skilled you are. And what you are comfortable with. You have to find out your strength by yourself.
Miembro desde Jul 23, 2020
posts 869
Dec 23, 2020 at 17:36
SL is a risk management policy. It is better to trade with protection as we all know it is a risky market.
Miembro desde Jun 05, 2020
posts 4
Dec 23, 2020 at 19:32
This is a big no-no.
Miembro desde Jul 20, 2020
posts 298
Dec 24, 2020 at 01:49
It is impossible to follow risk management when trading without stop loss. If a trader trades without stop loss, he may face unexpected loss.
Miembro desde Nov 03, 2020
posts 3
Dec 31, 2020 at 07:29
SL is one of the best tools that we as traders have. Why should anyone not use it? It’s one of the best exit strategies.
Dec 31, 2020 at 12:55
There is huge possibility of losing your money very quickly. That's why some people are scared of investing in forex trading. Even after that everyday millions of people are trading. And it is not necessary that everyone should do trading. There are many other business one can do. And many people are doing great with other business.
Miembro desde Feb 19, 2017
posts 6
Jan 01, 2021 at 15:10
It's a good idea. transaction without emotion. ie fire account is stop. First need to study carefully your strategy to see if there is profit
I TRUST IN GOD
Miembro desde Aug 27, 2017
posts 121
Jan 01, 2021 at 15:48
As long as you are very disciplined, it can be done. I don't add any stop loss on a per trade basis on one of my accounts but on the account drawdown. If I met a drawdown of say 20%, then my trading bot will close all orders, and start all over again. I have some trading bots that have stop loss on every trade as well. It depends on your backtest and research. It also depends on one person's psychology and discipline.
Trading is a marathon, not a sprint.
Jan 02, 2021 at 05:02
Trading without Stop Loss can be done, obviously, but just to be on the safer side, you would want to trade with stop loss to avoid the losses. You can consider the input of risk and money management to make a proper trading without using stop loss mechanism.
Miembro desde Jul 23, 2020
posts 869
Jan 02, 2021 at 05:28
robindude posted:Market works in mysterious way. So, it is better to prepare to avoid loss for any uncertainty.
Trading without Stop Loss can be done, obviously, but just to be on the safer side, you would want to trade with stop loss to avoid the losses. You can consider the input of risk and money management to make a proper trading without using stop loss mechanism.
Miembro desde Jul 20, 2020
posts 298
Jan 03, 2021 at 02:32
It is essential to use stop loss to maintain risk. Because it is not possible to manage risk without stop loss.
Jan 08, 2021 at 11:39
Aurisida posted:Day or week is too long, I think even leaving your trade open for a minute without monitoring can be a disaster.
Trading without a stop is possible when you follow the trade yourself constantly. And if you leave the term for a day or even a week, then it is better to put a stop loss on open trades.
Miembro desde Jun 03, 2020
posts 56
Jan 11, 2021 at 04:35
Marksteve posted:That would depend on the trading strategy that is used. For scalping yes, especially trading 1 minute charts, every second counts.Aurisida posted:Day or week is too long, I think even leaving your trade open for a minute without monitoring can be a disaster.
Trading without a stop is possible when you follow the trade yourself constantly. And if you leave the term for a day or even a week, then it is better to put a stop loss on open trades.
Miembro desde Jun 30, 2020
posts 47
Jan 11, 2021 at 10:17
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.
