Trading without stop loss

Dec 23, 2020 at 15:57
Vues 2,654
45 Replies
Membre depuis Nov 09, 2020   posts 15
Jan 12, 2021 at 03:55
Gleywilleyy posted:
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.
If someone is constantly monitoring their trades then it’s okay to not make use of sl. As it is there is always the problem of slippage, on top of it if sl is used (which certainly takes its own time to get triggered), trading profitably is just not possible.
Membre depuis Jul 04, 2020   posts 22
Feb 09, 2021 at 10:57
Whether we use SL while trading or not, I think that totally depends on a trader's strategy and plan. It is not necessary to have a stop loss placed every time you are trading, but yes it serves as an extra cushion against major losses for sure.
Membre depuis Dec 24, 2020   posts 16
Feb 26, 2021 at 03:56
Yes, it does work for some traders but for others, making use of a stop loss can be a life saviour.
Membre depuis Jul 23, 2020   posts 759
Feb 26, 2021 at 05:00
freckcope posted:
Yes, it does work for some traders but for others, making use of a stop loss can be a life saviour.
True. Stop loss save us from uncertain situation in trading.
Membre depuis Jul 19, 2020   posts 298
Feb 28, 2021 at 14:02
Placing stop loss is an art. It's not that much easy as some people think. If your broker widen the spreads every now and then, change the broker. Other than that broker has nothing to do with your stop loss. Many times I have survived just by one or two pips. Find good broker. Stop blaming. Learn then trade.
Membre depuis Apr 03, 2021   posts 470
Oct 24, 2021 at 23:29
Stoploss is one feature to manage the risk in trading, a trader can measure the limit risk in every plan trading according to their preference, how to place stop loss also depending with each trader, there are a trader can use 100 pips stop loss and there are trader that uses tight stop loss, some trader use risk-reward ratio to manage profit and loss adjusted to their trading strategy.
Membre depuis Jan 22, 2021   posts 125
Oct 25, 2021 at 11:03
Adjust SL as per your risk appetite. I always keep my SL to 5 ticks. This can vary from trader to trader.
Membre depuis Oct 18, 2021   posts 9
Oct 25, 2021 at 12:28
5 ticks. that is a tiny SL. Surely you get stopped out all the time. The spread is around 1 pip
Membre depuis Mar 16, 2021   posts 477
Oct 25, 2021 at 23:20
blackChelsea posted:
Adjust SL as per your risk appetite. I always keep my SL to 5 ticks. This can vary from trader to trader.
It is very important to have discipline in everything. Through discipline the trader can achieve success.
Membre depuis Jun 19, 2020   posts 38
Oct 27, 2021 at 04:58
Trading without a stop loss is the same as trading without a plan. Stop losses prevent traders from blowing up their accounts.

You should always trade with a plan: how much I can bear to lose, and how much I wish to lose. So, in future, you have money to trade and grow. There are some traders who trade without SL, but they have more knowledge too.
Membre depuis Jan 22, 2021   posts 125
Oct 27, 2021 at 15:45
The_unforgiven posted:
5 ticks. that is a tiny SL. Surely you get stopped out all the time. The spread is around 1 pip

SL not meant to hit always mate, SL is for safety not to make more loss.
Membre depuis Jun 17, 2021   posts 46
Nov 01, 2021 at 04:34
The main advantage of applying stop loss in your trading is that you will protect yourself from giving back all your profits in just one or two weeks. You can also prevent a deep drawdown which will bring you to the margin call level, and even to the liquidation of your account.
Membre depuis Mar 28, 2021   posts 617
Nov 06, 2021 at 09:54
New traders always should use stop loss but the problem with stop loss is most don't know where to place SL. That's why it's important for any trader to learn how to place an SL.
Membre depuis Jun 16, 2020   posts 57
Nov 09, 2021 at 04:54
Trading without stop loss is like risking your trade. You will lose more than you expected. So to save your losses, it's important, or actually mandatory, to trade with a stop loss.
Membre depuis Jun 14, 2021   posts 53
Nov 09, 2021 at 05:26
Stop-loss is a term in trading that stipulates the price at which you will get out of your position if it starts to go against you. Every trader should know that this is necessary to cut losses.
Membre depuis May 14, 2019   posts 28
Nov 09, 2021 at 14:49
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.
Membre depuis Jun 07, 2021   posts 72
Nov 10, 2021 at 04:25
Trading without a stop loss is a big no for me though there are traders who do trade without stop loss. However, they have more expertise and strategies. If you’re a newbie, do not trade without SL.
Membre depuis Feb 20, 2021   posts 78
Nov 10, 2021 at 05:20
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.
Membre depuis Feb 02, 2021   posts 38
Nov 11, 2021 at 06:15
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.
Membre depuis Jul 20, 2020   posts 399
Nov 11, 2021 at 07:53
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
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