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Many traders think stop loss
Sep 24, 2021 at 16:57
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.
Member Since Nov 23, 2021
34 posts
Dec 08, 2021 at 07:30
Stop loss is important because it can help traders to limit their losses. However it is important to understand the right placement of a stop loss.
Member Since Jan 22, 2021
126 posts
Dec 08, 2021 at 08:14
Stop loss shows the amount on risk a trader can take. It can vary according to the lot and the pair you are trading on.
Dec 10, 2021 at 07:20
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.
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