7 Benefits of using stoplosses

Kazile posted:
We can say for sure that there are definitely advantages in using stop loss.

TraderProHungary posted:
1; It allows you to grow your profits by gradually without everything you earn, e.g. If you make profits if let's say $500 you can risked $50 from it to chase more profits by using stoploss to that effect.
2; It allows you to control and check your drawdown to minimum, personally I hate d rawdowns above 20%, so i avoid it at all cost by planning my trades with stoplosses well placed.

3: It allows you to have a very good money management.

4; With stoplosses well placed, you can always control your emotions of not letting floatings of huge negative openings.
5; You don't have to worry about spikes, as your accounts are protected by it.

6; You can always plan and know how much you stand to loss if things goes opposit, and if you are not kind traders that stays full staring on their trading computers all day.
7: This is my favourite part, Stoploss can actually allow you to risk very little and gain more if only you are a patient trader and always plan well. E.g When you have $1k, You can risk $50 and target to earn $250 and above or Risk $100 and target 500 and above.

Questions are welcomed

TraderProHungary posted:

Kazile posted:
We can say for sure that there are definitely advantages in using stop loss.

It's the best tool for Good Money Management.

Gracewilson1995 posted:
Stop Loss advantages
Offers protection from excessive losses
Enables better control of your account
Helps monitor multiple deals
Executed automatically, at any time
Easy to implement
Allows you to decide what amount you are willing to risk

hi4all posted:
Personally I never trade with stop lose, and not encouraging anyone to follow me, I have my own strategy which works for the past 3 years, what I liked about your post and I agree 100% is the drawdown, I hate seeing my drawdown more than 20%, and one of my accounts I was happy with, its drawdown was below 2% for few months

TraderProHungary posted:
1; It allows you to grow your profits by gradually without everything you earn, e.g. If you make profits if let's say $500 you can risked $50 from it to chase more profits by using stoploss to that effect.
2; It allows you to control and check your drawdown to minimum, personally I hate d rawdowns above 20%, so i avoid it at all cost by planning my trades with stoplosses well placed.

3: It allows you to have a very good money management.

4; With stoplosses well placed, you can always control your emotions of not letting floatings of huge negative openings.
5; You don't have to worry about spikes, as your accounts are protected by it.

6; You can always plan and know how much you stand to loss if things goes opposit, and if you are not kind traders that stays full staring on their trading computers all day.
7: This is my favourite part, Stoploss can actually allow you to risk very little and gain more if only you are a patient trader and always plan well. E.g When you have $1k, You can risk $50 and target to earn $250 and above or Risk $100 and target 500 and above.

Questions are welcomed

TraderProHungary posted:
1; It allows you to grow your profits by gradually without everything you earn, e.g. If you make profits if let's say $500 you can risked $50 from it to chase more profits by using stoploss to that effect.
2; It allows you to control and check your drawdown to minimum, personally I hate d rawdowns above 20%, so i avoid it at all cost by planning my trades with stoplosses well placed.

3: It allows you to have a very good money management.

4; With stoplosses well placed, you can always control your emotions of not letting floatings of huge negative openings.
5; You don't have to worry about spikes, as your accounts are protected by it.

6; You can always plan and know how much you stand to loss if things goes opposit, and if you are not kind traders that stays full staring on their trading computers all day.
7: This is my favourite part, Stoploss can actually allow you to risk very little and gain more if only you are a patient trader and always plan well. E.g When you have $1k, You can risk $50 and target to earn $250 and above or Risk $100 and target 500 and above.

Questions are welcomed

LongVision posted:
Stoploss is must but where to put stoploss depend upon type of strategy.

1.For trend following strategy small Stoploss should be used.
2.For countertrend strategy large Stoploss should be used as a protective stop in such a way that trading position survives say 95% of time.