Many traders think stop loss

Many traders think stop loss is a problem. But I think placing stop loss in the right area is the problem. Many place SL by counting pips not by seeing levels. Again it depends on the type of trading style.

it is not a problem. it actually saves from bigger loses.

No, I think stop loss is a very good tool for managing risk. I don’t understand how someone would want to trade without this critical risk management tool.

For short term traders stop loss is very important. But placing a stop loss is not very easy. Most of the time you will hit stop loss if it's not placed in the right place. It requires good skills and experience.

SL is a risk management tool in trading. Every trader must use it.

Professional trading style is to use stop loss. If a trader trades without using stop loss, he will not be able to maintain risk.

Akasuki posted:
For short term traders stop loss is very important. But placing a stop loss is not very easy. Most of the time you will hit stop loss if it's not placed in the right place. It requires good skills and experience.

Stop loss is important for all kind of traders in my opinion. It is a best tool for risk management.

Usually to place stop loss trader will using support and resistance level, the reason is simple if these level has a breakout, it's possible the trend will change, but there is another trader maybe use a different method to place stop-loss, like as using ATR to get average range on the timeframe, sometimes stop-loss indeed make regret if occurs after price hit stop loss but then few moments later the price reached the target

UweMoench posted:
 Many traders think stop loss is a problem. But I think placing stop loss in the right area is the problem. Many place SL by counting pips not by seeing levels. Again it depends on the type of trading style.

Stop loss is a very important thing in trading. If you don't have proper knowledge about SL, you may face a huge loss.

Helps stop loss to manage risk. Stop Loss needs to be used to maintain money management.

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.

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.

I'm not a big fan of using a stop-loss unless I'm in profit. I set alerts at areas of concern, check positions regularly and close manually if I feel uncomfortable.
Yes, I may be open to black swans, but it's a risk I am happy to take.

I think a stop loss is a very important tool. It's important to use it with a good risk management strategy. I do not risk any more than 2% of my account on any one trade. Also, when a trade comes into profit I move the stop loss to retain a level of those profits so I've always got pips in the bag.

Stop loss is the way to manage the risk in trading, how to place stop loss each trader having own parameter, some of them using risk level, some another use support and resistance as the place, I think each trader have own preferences to manage the risk, now I am trying to use automatic trading and set stop loss 100 pips.

@Karlos Fandango Stop loss is used to minimize your losses , there is no way a trader cannot like stop loss as it saves their money, especially during a market crash.

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.

Since the market is open 24/5 and moreover highly volatile , a trade could take a blow at anypoint of time, but with stop loss you can always reduce your losses to bare minimum.