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Stop loss is a killer if

Oct 11, 2020 at 14:24
Vues 1,158
34 Replies
Membre depuis Jul 14, 2020   posts 42
Jan 22, 2021 at 09:55
Rosstaylorr posted:
philipsimmions posted:
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.
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.
Markets are so unpredictable that I would say they are an asset across all situations.
Membre depuis Dec 28, 2013   posts 171
Jan 22, 2021 at 10:32
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.
Membre depuis Dec 28, 2013   posts 171
Jan 22, 2021 at 10:55
philipsimmions posted:
Rosstaylorr posted:
philipsimmions posted:
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.
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.
Markets are so unpredictable that I would say they are an asset across all situations.
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.
Membre depuis Oct 20, 2018   posts 300
Jan 26, 2021 at 21:02
In short - SL is a must but you must know how to use it properly.
momchil_slavov@
Membre depuis Dec 15, 2020   posts 14
Feb 20, 2021 at 04:50
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.
Membre depuis Jul 23, 2020   posts 869
May 07, 2021 at 17:21
lanayates posted:
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.
It is the most useful tool in trading. Never trade without setting SL.
Membre depuis 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.
Mark (MoneerKarkanawi)
Membre depuis Apr 13, 2021   posts 8
Jun 11, 2021 at 13:57
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.
Membre depuis 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
Membre depuis Feb 08, 2019   posts 213
Nov 05, 2021 at 10:11
There are arguments for and against using them but usually it's right to have one
Membre depuis Mar 28, 2021   posts 617
Nov 05, 2021 at 11:07
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.
Membre depuis Jul 19, 2020   posts 751
Nov 05, 2021 at 12:43
@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)
Membre depuis Aug 05, 2021   posts 401
Nov 05, 2021 at 14:42
I never trade without a SL, not willing to risk it.
Membre depuis Oct 20, 2018   posts 300
Nov 07, 2021 at 10:40
croisssan posted:
I believe that sometimes it can be the opposite of a trader's savior from losses.
Opposite? How?
momchil_slavov@
Suradi (FXOday)
Membre depuis Apr 03, 2021   posts 470
Nov 07, 2021 at 23:32
Stop-loss is one feature where we can use it for learning how to trade, we can set up risk limit in every order use stop loss, and how to determine the entry point we can learn where the best price and times to make entry point but the stop loss distance in accordance the risk limit on the plan, here we trying to catch the entries on the crucial zone in reversal market.
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