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Stop Loss Importance
Mar 13, 2020 at 06:33
Anggota Sejak Aug 09, 2017
785 pos
Newcomers don’t like to use Stop Loss which is the inevitable part of trading; they have to ensure more about proper using Stop loss. And they should practice demo account for all time besides live account. And forum community can be a great source for them to acquire real trading experience in particularly Fx factory and FPa.
Anggota Sejak Mar 13, 2020
4 pos
Anggota Sejak Mar 13, 2020
3 pos
forex_trader_688163
Anggota Sejak Feb 28, 2019
140 pos
Apr 11, 2020 at 11:20
Anggota Sejak Feb 28, 2019
140 pos
andrew_2 posted:
Once, one of my trader friends said such a thing. The more often you place a stop loss, the more often it will trigger. Sl psychologically tunes you to a negative order.
Therefore I prefer not to set it at all.
It depends if u like to loss all of your hard earned money. You can go with no loss strategy.
Apr 11, 2020 at 12:58
Anggota Sejak Aug 26, 2019
52 pos
I don't mean discredit other's opinions but here is my take about stop loss.
If your trade lots are 'properly sized', you may never need a stop loss.
To avoid a debate because systems are different per trader, here's a thought experiment which some of you may relate to. How many of your trades have been 'supposedly right' only had it not been 'stopped'? Another one is, how many times have your accounts 'should have been blown' but saved by 'stop loss'?
If you quantify this correctly in terms of profits, then you will know objectively whether your system needs a stop loss or not.
If your trade lots are 'properly sized', you may never need a stop loss.
To avoid a debate because systems are different per trader, here's a thought experiment which some of you may relate to. How many of your trades have been 'supposedly right' only had it not been 'stopped'? Another one is, how many times have your accounts 'should have been blown' but saved by 'stop loss'?
If you quantify this correctly in terms of profits, then you will know objectively whether your system needs a stop loss or not.
Anggota Sejak Feb 19, 2020
19 pos
Anggota Sejak May 10, 2019
14 pos
Apr 17, 2020 at 14:14
Anggota Sejak May 10, 2019
14 pos
This needs to be clear. When you don't set your SL, you still have one. The 50% margin level. So we all have one, whether consciously or not. The problem traders face is due to the leverage they use. Stop gambling and open an account with no more than 50:1 and even that is very high. The less leverage you use, the more pips the market gives you. Obviously you have to have a good system. But leverage is the only reason why traders blow up. Stop being like most traders.
Apr 20, 2020 at 12:38
Anggota Sejak Apr 06, 2020
10 pos
spanishtrader799 posted:
trading without stoploss is like crossing road in a headphones and with closed eyes.
You can get luck and not get hit.
But you also can get really UNLUCKY. that way you will lose everything.
trade safe!
I do not understand. Surely if you use a 50 pips stop loss on 1:500 leverage account or a 1:10 leverage, your losses will still be the same for the same Lot size
Apr 20, 2020 at 14:59
Anggota Sejak Aug 26, 2019
52 pos
villaintrader posted:
This needs to be clear. When you don't set your SL, you still have one. The 50% margin level. So we all have one, whether consciously or not. The problem traders face is due to the leverage they use. Stop gambling and open an account with no more than 50:1 and even that is very high. The less leverage you use, the more pips the market gives you. Obviously you have to have a good system. But leverage is the only reason why traders blow up. Stop being like most traders.
A very good point. If traders understand this, they will not even ask about 'stop loss'.
Anggota Sejak Feb 24, 2020
10 pos
Anggota Sejak Jan 06, 2020
83 pos
May 22, 2020 at 15:29
Anggota Sejak Jan 06, 2020
83 pos
I believe I wrote the benefits of stoploss and some people still chose to ignore it https://www.myfxbook.com/community/general/7-benefits-using-stoplosses/2197277,1 This has been my greatest protection tool in saving my profits which made me successfully become a professional.
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