Balint364674yy
Feb 24, 2020 부터 멤버
게시물10
May 22 2020 at 11:54
certainly this is one of the most important tools for any trader
FundsProManager
(TraderProHungary)
Jan 06, 2020 부터 멤버
게시물83
May 22 2020 at 15:29
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.
Market Direction
Stop Loss should be set at the level of a possible rebound, which must be calculated on the lines of support and resistance, channels and other tools.
This tool is used by all traders, so of course it is very important for everyone
FundsProManager
(TraderProHungary)
Jan 06, 2020 부터 멤버
게시물83
May 25 2020 at 19:17
gans5566 posted:
This tool is used by all traders, so of course it is very important for everyone
No it's not used by all, I have seen a lot here that don't use it.
Market Direction
Stop loss gives me the opportunity to not lose money
if you are trading without stoploss - you are daredevil. and I feel so insecure talking to people like that haha
lovefortrading
(perryjohn765)
Sep 12, 2017 부터 멤버
게시물238
Jun 10 2020 at 11:53
There are always FX traders who don't want to close a losing trade because they think that the market will move in their favour. But the problem is, the markets are not generally known for moving in the favour of individual traders, so trading Forex with no stop-loss is literally like putting emotions over logic. But keep in mind that stop-loss orders do not guarantee you profit – nor will they make up for a lack of trading discipline. You need to be confident in your trading strategy and stick to your action plan.
Gracewilson1995
Jan 11, 2019 부터 멤버
게시물147
Jun 10 2020 at 12:00
Stop-loss is useful tool for almost all currency trading strategies as it can be attached to both long and short trade positions. No matter how closely one might try to monitor the market, it is impossible to accurately predict Forex market movements. Every day comes with changes that have significant impact on the market, such as global politics, central banks’ actions, and economic events. Many global factors can cause major shifts in the trend of currencies at the snap of a finger. As such, even the savviest trader can find themselves on the adverse side of a market move. When severe market dips happen, stop loss trading can help to close out your position and prevent excessive losses.
Informed Forex traders always include a stop-loss order when placing trades. In fact, you should not, or else you risk blowing your account up with losses when the price trend goes the unexpected way.
Informed Forex traders always include a stop-loss order when placing trades. In fact, you should not, or else you risk blowing your account up with losses when the price trend goes the unexpected way.

Jun 12 2020 at 19:50
Stoploss have been one of my best tools for making huge profits against the market, and afford me the best RiskManagent. No Stoploss, No Trade for me.
Anthony Ramos
(greenbandits)
Feb 08, 2019 부터 멤버
게시물17
Jun 13 2020 at 01:43
I was always taught to use a stop loss and for good reason, most and all traders are not 100% certain where the market may go.
Now I will sound insane but indulge me for a second.
What if you actually knew 100% that the market was indeed going to go your way even in the short term.
Then using a stop would not really matter in that case correct?
But the 1 million dollar question: who really knows when that will occur? And be consistent not just lucky on the draw...😐
I believe that is the ultimate goal of all traders even if they don't care to admit it..
Stops are a safety net one should always use unless they are 100% accurate 100% of the time
Now I will sound insane but indulge me for a second.
What if you actually knew 100% that the market was indeed going to go your way even in the short term.
Then using a stop would not really matter in that case correct?
But the 1 million dollar question: who really knows when that will occur? And be consistent not just lucky on the draw...😐
I believe that is the ultimate goal of all traders even if they don't care to admit it..
Stops are a safety net one should always use unless they are 100% accurate 100% of the time
[email protected] #TradeLikeaBandit

Jun 14 2020 at 10:00
greenbandits posted:quote]greenbandits posted:
I was always taught to use a stop loss and for good reason, most and all traders are not 100% certain where the market may go.
Now I will sound insane but indulge me for a second.
What if you actually knew 100% that the market was indeed going to go your way even in the short term.
Then using a stop would not really matter in that case correct?
But the 1 million dollar question: who really knows when that will occur? And be consistent not just lucky on the draw...😐
I believe that is the ultimate goal of all traders even if they don't care to admit it..
Stops are a safety net one should always use unless they are 100% accurate 100% of the time
I was always taught to use a stop loss and for good reason, most and all traders are not 100% certain where the market may go.
Now I will sound insane but indulge me for a second.
What if you actually knew 100% that the market was indeed going to go your way even in the short term.
Then using a stop would not really matter in that case correct?
But the 1 million dollar question: who really knows when that will occur? And be consistent not just lucky on the draw...😐
I believe that is the ultimate goal of all traders even if they don't care to admit it..
Stops are a safety net one should always use unless they are 100% accurate 100% of the time
Always use stoplosses even if you are right, you never can tell when spike might occur against you, so stoploss I always use and best it is in saving profits for me.
SMtrader86
(smtrader86)
Mar 31, 2018 부터 멤버
게시물26
Jun 14 2020 at 11:35
madquant posted:
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.
Well Said, best response so far!!, I don't use stop loss, however my position is 'properly sized' so even if any unexpected event that occur it wouldn't blow my account. Once i fully understood this i have became consistently profitable. Also when unpredictable occasion/events occur (which always happen) you can hedge your positions. To give you time in order to re-evaluate your outlook.
Also as he mentioned it all depends on the strategy you deploy...😎

Jun 14 2020 at 11:41
saleh86 posted:You better start using stops, but it's your choice.There was an event that happened couple of years ago I can't remember but not up to a decade, market jumped like more than 10,000 pips in some pairs in a single move, although I have stoplosses and it also went in my favour, just assuming you are in such situation and have a 10,000 pips against you in few seconds, now tell me what you will do or you think your balance shit will be? Better be protected all the time.madquant posted:
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.
Well Said, best response so far!!, I don't use stop loss, however my position is 'properly sized' so even if any unexpected event that occur it wouldn't blow my account. Once i fully understood this i have became consistently profitable. Also when unpredictable occasion/events occur (which always happen) you can hedge your positions. To give you time in order to re-evaluate your outlook.
Also as he mentioned it all depends on the strategy you deploy...😎
Using stop loss is really important for trader's and all types of trader's have to use stop loss, no matter which type of strategy you are using, no matter which time frame you are using for trading you have to always follow stop loss in trading. I would suggest you to check your risk and reward every time and try to open your positions for good reward areas only. I personally on concentrate on 1:2 risk and reward trading strategies.
SMtrader86
(smtrader86)
Mar 31, 2018 부터 멤버
게시물26
Jun 15 2020 at 10:56
PROFITINGSYSTEMS posted:saleh86 posted:You better start using stops, but it's your choice.There was an event that happened couple of years ago I can't remember but not up to a decade, market jumped like more than 10,000 pips in some pairs in a single move, although I have stoplosses and it also went in my favour, just assuming you are in such situation and have a 10,000 pips against you in few seconds, now tell me what you will do or you think your balance shit will be? Better be protected all the time.madquant posted:
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.
Well Said, best response so far!!, I don't use stop loss, however my position is 'properly sized' so even if any unexpected event that occur it wouldn't blow my account. Once i fully understood this i have became consistently profitable. Also when unpredictable occasion/events occur (which always happen) you can hedge your positions. To give you time in order to re-evaluate your outlook.
Also as he mentioned it all depends on the strategy you deploy...😎
What and when did this event occur where 10,000 pips loss occurred within a few second... please let me know and what pair?
Anthony Ramos
(greenbandits)
Feb 08, 2019 부터 멤버
게시물17
Jun 15 2020 at 14:39
PROFITINGSYSTEMS posted:Always use stoplosses even if you are right, you never can tell when spike might occur against you, so stoploss I always use and best it is in saving profits for me.
Totally agree..
Secure the bag especially when your trade is in profit...
[email protected] #TradeLikeaBandit
Stop loss is a very important function