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Importance of Stop Loss
Biedrs kopš
920 ieraksti
Oct 27, 2019 at 17:05
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920 ieraksti
When I was a newbie; then I didn’t try SL so willingly; but now I am! Because, I see without SL the journey is so sticky!
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341 ieraksti
Aug 31, 2020 at 11:52
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341 ieraksti
Stop loss is very important for new traders to control their loss. If you don't have the proper knowledge and you want to trade with minimum risks, you should use stop loss to control your risks.
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788 ieraksti
Sep 01, 2020 at 01:00
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788 ieraksti
A lot of experience of trading is required to use Stop Loss. It is not possible to observe the market 24 hours a day so stop loss has to be used. Stop Loss must be used to target money management or risk management. Stop-loss is a part of good analysis. It is never possible to be a successful trader by trading without stop loss. Because risk cannot be managed without stop loss.
forex_trader_1151190
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17 ieraksti
Sep 01, 2020 at 12:57
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17 ieraksti
A trade plan MUST have stop loss. Stop-loss signify 2 things.
1) Acceptance to the market that is going against your idea
2) Proper risk management.
Unless you are 100% accurate, you need a stoploss.
1) Acceptance to the market that is going against your idea
2) Proper risk management.
Unless you are 100% accurate, you need a stoploss.
Biedrs kopš
759 ieraksti
Sep 14, 2020 at 00:05
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759 ieraksti
AniLorak posted:That’s quite right. Still some traders don’t know how to place SL perfectly. SL is one of most essential part in trading. So, trader need to learn about it.
When I was a newbie; then I didn’t try SL so willingly; but now I am! Because, I see without SL the journey is so sticky!
Biedrs kopš
63 ieraksti
Sep 14, 2020 at 07:21
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63 ieraksti
Stop loss is a MUST. You cannot afford to miss it, unless you are so sure when it comes to trading. Sto loss helps to protect you from loss if the market are going the way that you do not want it to go
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22 ieraksti
Sep 14, 2020 at 08:09
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22 ieraksti
Stop-loss is one of the most important things in forex trading especially for beginners and for those who do day trading.
Never Ever Give Up
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4862 ieraksti
Sep 14, 2020 at 08:32
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4862 ieraksti
SL is the tool to limit your risk. That is for novice traders
More experienced traders are using alos other tools to limit risk like
1 pair hedge
2 pair hedge
3 pairs hedge
equity protection
or trading with very low leverage which limits your profit/loss drastically
More experienced traders are using alos other tools to limit risk like
1 pair hedge
2 pair hedge
3 pairs hedge
equity protection
or trading with very low leverage which limits your profit/loss drastically
Biedrs kopš
869 ieraksti
Sep 23, 2020 at 17:29
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869 ieraksti
pegima posted:I agree. I prefer trailing stop loss. If I see a potential trade then I go for trailing SL. Otherwise I use normal SL order.
Stop-loss is one of the most important things in forex trading especially for beginners and for those who do day trading.
Biedrs kopš
318 ieraksti
Sep 23, 2020 at 18:48
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318 ieraksti
Stop loss is very important for the new traders to deal with their losses.
forex_trader_1786937
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142 ieraksti
Sep 24, 2020 at 03:32
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142 ieraksti
Stop loss or Auto take out of Buy/Sell limits actually help you to have a good risk management and make you compound your profits very well, this is also one of my best strategies, and make my profits consistent.
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54 ieraksti
Sep 24, 2020 at 04:45
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54 ieraksti
Stop loss helps you to reduce the chances of loss and helps you to manage the risk.
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268 ieraksti
Sep 24, 2020 at 05:24
(labots Sep 24, 2020 at 05:28)
Biedrs kopš
268 ieraksti
So many BS Bla Bla responses. Yes we've all read the books. For me, I am a very profitable (trader of more than 40 years experience in stocks, commodities and forex) and I only became profitable when I stopped using a stop loss. Now I NEVER use a stop loss. NEVER, ever, ever. My account is my stop loss. I only fund the amount with the TOTAL amount that I am prepared to loose and don't make stupid trades. In other words if I fund an account I am prepared to loose 100% of that account without loosing sleep. Then I go all in on every trade I do make. Because I am all in on every trade I have to refund the account when I loose. I can't and wont add funds to move a Margin call at the last minute. This slows down the decision making process for me and ensures that I have conviction on every trade. You are less likely to make stupid decisions when everything is at stake. So when I'm wrong I'm just simply wrong and I have to accept that. When I'm right I'm leveraged up to the eye balls with all in and ...... KACHING!!$$$$$$$$$
Not the trading style for everyone and a long way from main stream BS that floats around but I'm working about three hours a day for an income that would make your eyes water.
Not the trading style for everyone and a long way from main stream BS that floats around but I'm working about three hours a day for an income that would make your eyes water.
You can't spend open trades.
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268 ieraksti
Sep 24, 2020 at 05:50
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268 ieraksti
PS... I haven't been a profitable trader all my life. I spent more than 10 years paying my dues and giving a LOT (the cost of a couple of houses worth to be honest) of money to the system before I became profitable. I've been there. Persistence, commitment and tenacity are a traders best qualities. It takes time to find your groove.
You can't spend open trades.
Biedrs kopš
15 ieraksti
Sep 24, 2020 at 06:54
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15 ieraksti
Amber_0302 posted:Right, a good way for traders to limit their losses, however, not all traders use it.
Stop loss helps you to reduce the chances of loss and helps you to manage the risk.
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4862 ieraksti
Sep 24, 2020 at 09:07
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4862 ieraksti
Silverthorn posted:
PS... I haven't been a profitable trader all my life. I spent more than 10 years paying my dues and giving a LOT (the cost of a couple of houses worth to be honest) of money to the system before I became profitable. I've been there. Persistence, commitment and tenacity are a traders best qualities. It takes time to find your groove.
SO why dont you publish your results after such long struggle?
Biedrs kopš
268 ieraksti
Sep 24, 2020 at 11:57
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268 ieraksti
togr posted:Silverthorn posted:
PS... I haven't been a profitable trader all my life. I spent more than 10 years paying my dues and giving a LOT (the cost of a couple of houses worth to be honest) of money to the system before I became profitable. I've been there. Persistence, commitment and tenacity are a traders best qualities. It takes time to find your groove.
SO why dont you publish your results after such long struggle?
You've always said the same thing and I'll always give you the same answer I've always given you Buddy.
You can't spend open trades.
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4862 ieraksti
Sep 24, 2020 at 13:24
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4862 ieraksti
Silverthorn posted:“Each time a person passes by you and you say 'hello', imagine that person turning into a candle. The more positivity, love and light you reflect, the more light is mirrored your way. Sharing beautiful hellos is the quickest way to earn spiritual brownie points. You should start seeing hellos as small declarations of faith. Every time you say hello to a stranger, your heart acknowledges over and over again that we are all family.”togr posted:Silverthorn posted:
PS... I haven't been a profitable trader all my life. I spent more than 10 years paying my dues and giving a LOT (the cost of a couple of houses worth to be honest) of money to the system before I became profitable. I've been there. Persistence, commitment and tenacity are a traders best qualities. It takes time to find your groove.
SO why dont you publish your results after such long struggle?
You've always said the same thing and I'll always give you the same answer I've always given you Buddy.
Biedrs kopš
6 ieraksti
Sep 24, 2020 at 13:56
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6 ieraksti
Ima think if you don't wanna losess don't put sl at all. Ima put sl not often.
But Ima think sometimes they're really needfull.
But Ima think sometimes they're really needfull.
Ima do what Ima want to
forex_trader_1786937
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142 ieraksti
Sep 24, 2020 at 14:33
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142 ieraksti
ZzzzzzzZ posted:Any professional trader uses stop out just in case, I don't fail to use it, as a matter of fact with it I actually make much profits, because I take proper time before I place any trade, knowing that making a wrong or hurry calls will lead to my stop out being hit, so i take time to analyse before placing any trades, this give me higher accuracy in identifying trends and making profits riding it.
Ima think if you don't wanna losess don't put sl at all. Ima put sl not often.
But Ima think sometimes they're really needfull.
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