Jan 05 at 11:56
cardigan posted:
Stop Loss is very important style to be consider if you do not want your account to get wiped out.
Yes, on point. I made a mistake a while back ago forgetting to put on stop loss and I lost a large amount of bucks for that. Will never make such a mistake again.
I think those who initially say that stop-loss is not a good trade, as a result, they understand its expediency and begin to use it.
I never trade without stop loss because this gets you out of your position if the price turns against you. It is a good risk management strategy to use.
Feb 09 at 11:57
I have understood the importance of stop loss after losing money. So, I consider stop loss as a means of risk management.
I think you are not the only one who understood the importance and significance of stop loss through the loss of your funds.
Stop loss is very important as a newbie I have never traded without stop loss so that I can’t make any large losses. Even I would suggest that if you don’t have much experience then always trade with a stop loss.
Feb 24 at 04:28
Sarjohn posted:
Stop loss is very important as a newbie I have never traded without stop loss so that I can’t make any large losses. Even I would suggest that if you don’t have much experience then always trade with a stop loss.
Yes, stop loss is quite important for beginners as well as for advanced traders. It is an effective tool for knowing the amount of money you are about to risk in advance. You can plan your risk reward ratio accordingly.
Feb 24 at 11:15
It is really good for minimising the trading loss and I’ve always been using it for my trades. Even the brokers I use put no such limitation on its use so that’s fine I guess.
Feb 24 at 13:48
Stop loss is the best way to minimize the loss in trading. Every trader should use it.
Roberto21 posted:
We generally know about the importance of Stop Loss, its common but don’t know when it is more appropriate to use above all the beginner traders. When was a newbie I lost my whole amount due to not using SL and after that I have been using this trading approach till even though sometimes I get more confident about the real faction of this Market.
Yeah, if there is anything someone should learn, it is how to set good stop losses.
Sam.peters@
