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Trading without stop loss
Anggota Sejak Nov 09, 2020
15 pos
Jan 12, 2021 at 03:55
Anggota Sejak Nov 09, 2020
15 pos
Gleywilleyy posted: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.
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.
Feb 09, 2021 at 10:57
Anggota Sejak Jul 04, 2020
22 pos
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.
Anggota Sejak Jul 23, 2020
759 pos
Feb 28, 2021 at 14:02
Anggota Sejak Jul 19, 2020
298 pos
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.
Oct 24, 2021 at 23:29
Anggota Sejak Apr 03, 2021
470 pos
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.
Anggota Sejak Jan 22, 2021
125 pos
Anggota Sejak Oct 18, 2021
9 pos
Anggota Sejak Mar 16, 2021
477 pos
Anggota Sejak Jun 19, 2020
38 pos
Oct 27, 2021 at 04:58
Anggota Sejak Jun 19, 2020
38 pos
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.
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.
Anggota Sejak Jan 22, 2021
125 pos
Anggota Sejak Jun 17, 2021
46 pos
Nov 01, 2021 at 04:34
Anggota Sejak Jun 17, 2021
46 pos
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.
Anggota Sejak Jun 14, 2021
53 pos
Nov 09, 2021 at 14:49
Anggota Sejak May 14, 2019
28 pos
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.
Anggota Sejak Jun 07, 2021
72 pos
Nov 10, 2021 at 05:20
Anggota Sejak Feb 20, 2021
78 pos
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.
Anggota Sejak Feb 02, 2021
38 pos
Nov 11, 2021 at 06:15
Anggota Sejak Feb 02, 2021
38 pos
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.
Anggota Sejak Jul 20, 2020
399 pos
Nov 11, 2021 at 07:53
Anggota Sejak Jul 20, 2020
399 pos
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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