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Trading without stop loss
Miembro desde Jun 14, 2021
posts 53
Nov 09, 2021 at 14:49
Miembro desde May 14, 2019
posts 28
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.
Miembro desde Jun 07, 2021
posts 72
Nov 10, 2021 at 05:20
Miembro desde Feb 20, 2021
posts 78
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.
Miembro desde Feb 02, 2021
posts 38
Nov 11, 2021 at 06:15
Miembro desde Feb 02, 2021
posts 38
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.
Miembro desde Jul 20, 2020
posts 399
Nov 11, 2021 at 07:53
Miembro desde Jul 20, 2020
posts 399
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
Miembro desde Apr 09, 2019
posts 538
Nov 11, 2021 at 11:43
Miembro desde Apr 09, 2019
posts 538
I don't think trading without a stop loss has got anything to do with skill. It's kamikaze risk management and wouldn't fly on any trading floor or in any fund so why is it acceptable for your own personal account? As the poster above me rightly says, this is a game of capital preservation first and foremost. We all lose trades and it's about ensuring those losses don't wipe out your gains. Yes you can hedge but how often does that go well?
If you can't spot the liquidity then you are the liquidity.
Miembro desde Jan 22, 2021
posts 125
Miembro desde Oct 29, 2021
posts 70
Miembro desde Aug 05, 2021
posts 401
Dec 04, 2021 at 19:59
Miembro desde Sep 16, 2020
posts 13
Guess that stop loss is the main thing in trading activity. Lots of traders neglect trading with stop loss because they think that they know when to stop, nevertheless, according to the statistics, the vast majority of traders doesn't know when to stop. They just blow their accounts, especially when they trad with leverages.
In my opinion, it's strictly prohibited to trade without stop loss and I don't talk only about novices, it concerns professionals as well.
In my opinion, it's strictly prohibited to trade without stop loss and I don't talk only about novices, it concerns professionals as well.

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