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Stop Loss Importance

Roberto21
Mar 13 2020 at 06:14
364 ieraksti
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.

Imamul
Mar 13 2020 at 06:33
649 ieraksti
Newcomers don’t like to use Stop Loss which is the inevitable part of trading; they have to ensure more about proper using Stop loss. And they should practice demo account for all time besides live account. And forum community can be a great source for them to acquire real trading experience in particularly Fx factory and FPa.

Sacha36454
Mar 13 2020 at 09:17
4 ieraksti
Stop Los must still be able to use. as a tool that will help not lose your account.

Ethan63446372
Mar 13 2020 at 09:48
3 ieraksti
Before, I also did not use stop loss, I wanted to earn more. And as a result, loss of account.


andrew_2
Apr 10 2020 at 12:00
37 ieraksti
Once, one of my trader friends said such a thing. The more often you place a stop loss, the more often it will trigger. Sl psychologically tunes you to a negative order.
Therefore I prefer not to set it at all.

Pahlawan Trader (Nasrul_Swing)
Apr 11 2020 at 11:20
139 ieraksti
andrew_2 posted:
Once, one of my trader friends said such a thing. The more often you place a stop loss, the more often it will trigger. Sl psychologically tunes you to a negative order.
Therefore I prefer not to set it at all.


It depends if u like to loss all of your hard earned money. You can go with no loss strategy.

Jaga Modal & Kekal Profit Selalu.
The Mad Quant (madquant)
Apr 11 2020 at 12:58
52 ieraksti
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.

Jon C (ectan968)
Apr 12 2020 at 04:22
1 ieraksti
andrew_2 posted:
Once, one of my trader friends said such a thing. The more often you place a stop loss, the more often it will trigger. Sl psychologically tunes you to a negative order.
Therefore I prefer not to set it at all.

Agreed.

Profits
JapaneseGroupFx
Apr 12 2020 at 06:14
77 ieraksti
I don't use stops for smaller deposits and I'm doing fine

Roberto21
Apr 16 2020 at 07:47
364 ieraksti
if any newcomers dont use stop loss, of course he will fall a great loss , because without stop loss it looks a condition , a ship in an ocean without a rudder. so its your choice , take it or leave it.

Imamul
Apr 16 2020 at 08:00
649 ieraksti
i only use stop loss when trading during news. it cut more losses really . love this trading approach.

juri282 (juri282)
Apr 17 2020 at 10:09
13 ieraksti
It is very important, but I recommend setting above 25 pips, because the price has a range of 30-35 pips, which can be easily seen on the chart.

canedebt
Apr 17 2020 at 12:15
10 ieraksti
Why is this still a question that people ask!!! Stop loss is essential. No pro trader in their right mind would trade without a stop loss.

spanishtrader799
Apr 17 2020 at 12:35
19 ieraksti
trading without stoploss is like crossing road in a headphones and with closed eyes.
You can get luck and not get hit.
But you also can get really UNLUCKY. that way you will lose everything.
trade safe!

villaintrader
Apr 17 2020 at 14:14
14 ieraksti
This needs to be clear. When you don't set your SL, you still have one. The 50% margin level. So we all have one, whether consciously or not. The problem traders face is due to the leverage they use. Stop gambling and open an account with no more than 50:1 and even that is very high. The less leverage you use, the more pips the market gives you. Obviously you have to have a good system. But leverage is the only reason why traders blow up. Stop being like most traders.

Brick_56
Apr 20 2020 at 07:09
38 ieraksti
I think that's a good way to curtail losses. I try using SL the maximum times possible while trading.

jonny99
Apr 20 2020 at 08:09
32 ieraksti
Brick_56 posted:
I think that's a good way to curtail losses. I try using SL the maximum times possible while trading.

Absolutely. Best way to reduces the probability of losses.

sangine
Apr 20 2020 at 12:38
10 ieraksti
spanishtrader799 posted:
trading without stoploss is like crossing road in a headphones and with closed eyes.
You can get luck and not get hit.
But you also can get really UNLUCKY. that way you will lose everything.
trade safe!



I do not understand. Surely if you use a 50 pips stop loss on 1:500 leverage account or a 1:10 leverage, your losses will still be the same for the same Lot size

The Mad Quant (madquant)
Apr 20 2020 at 14:59
52 ieraksti
villaintrader posted:
This needs to be clear. When you don't set your SL, you still have one. The 50% margin level. So we all have one, whether consciously or not. The problem traders face is due to the leverage they use. Stop gambling and open an account with no more than 50:1 and even that is very high. The less leverage you use, the more pips the market gives you. Obviously you have to have a good system. But leverage is the only reason why traders blow up. Stop being like most traders.


A very good point. If traders understand this, they will not even ask about 'stop loss'.

Dorigda
Apr 22 2020 at 07:43
83 ieraksti
In short, stop loss is a good opportunity to get away from big losses.

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