Stop losses cannot be considered as a problem, but they have certain disadvantages. The major con is the fact that SLs are too accurate. I mean that even if you use the levels in order to determine the right place for the stop loss, the price is able to move slightly beyond this threshold and then go back to the area that you've expected.
necolesilvers posted: I prefer to miss a profit than to incur a loss. Going against your risk management strategy can be the biggest mistake in trading. Doing it once, you are likely to make a habit out of it and this can make you a highly indisciplined trader.
Exactly, risk management is very important. And for this, I need to use Stop Loss.
Volatility and levels that formed, as well as the specifics of the trend, that data can affect my stop loss. I do not set the level for a predetermined number of pips, but I am based on the market. I think this is correct.
Frionson posted: Definetely stop loss isn't a real problem. Of course, some traders might claim that it's very inconvenient and it brings potential profits from you, however I bet the biggest amount of traders would lose everything in a couple of trading days if there was no stop loss actually. If you're skilled and experienced enough, so you can try to trade without stop loss, but you have to monitor your deals all the time, which isn't recommended for traders mostly because there is a big chance to overtrade. So, I believe that stop loss is a problem only for those traders who can't understand its necessity.
Yes, stop loss is not a problem. Those who are experienced traders give a lot of importance to stop loss. The percentage of profit from their loss is much higher.
Placing a stop loss at the right position is very important. I usually prefer to set a stop loss at the support levels and if the markets are moving aggressively, I set a reasonably tight stop loss. And if there isn't much movement then my stop loss is a few more pips wider.
Personally I do make use of stop loss its a good tools to secure my trade and keep my trade in a condition which is what every trader need so always we need to try and protect our equity and margin from depreciation
kroxobor posted: Placing a stop loss at the right position is very important. I usually prefer to set a stop loss at the support levels and if the markets are moving aggressively, I set a reasonably tight stop loss. And if there isn't much movement then my stop loss is a few more pips wider.
Yes. you are right. For this, you need proper knowledge and skills about SL.
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
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