Mar 10 2021 at 14:58
Many traders think stop loss is a problem. But I think placing stop loss in the right area is the problem. Many place SL by counting pips not by seeing levels. Again it depends on the type of trading style.
Every trader’s aim is to make money. It can be with or without stop loss. If you get good results using it, keep using it. Or else don’t.
Mar 18 2021 at 11:45
it is not a problem. it actually saves from bigger loses.
Apr 23 2021 at 11:25
No, I think stop loss is a very good tool for managing risk. I don’t understand how someone would want to trade without this critical risk management tool.
Stop loss is the most important tool in the hands of a trader. Stop loss is guaranteed to protect the account from large losses or even drain of the account. I do not understand how you can not use it. This will sooner or later lead to sad consequences. It's a matter of time. Take profit is from the same series in terms of importance. These are one of the most basic tools that allow you not only to earn and protect your money, but also allow the trader not to spend all the time in front of the monitor. Giving time to do other equally important things.
A walking person is always faster than a standing person
Apr 23 2021 at 12:40
For short term traders stop loss is very important. But placing a stop loss is not very easy. Most of the time you will hit stop loss if it's not placed in the right place. It requires good skills and experience.
Apr 23 2021 at 14:26
SL is a risk management tool in trading. Every trader must use it.
Apr 24 2021 at 01:17
Professional trading style is to use stop loss. If a trader trades without using stop loss, he will not be able to maintain risk.
Apr 24 2021 at 20:37
Akasuki posted:Stop loss is important for all kind of traders in my opinion. It is a best tool for risk management.
For short term traders stop loss is very important. But placing a stop loss is not very easy. Most of the time you will hit stop loss if it's not placed in the right place. It requires good skills and experience.
Apr 25 2021 at 22:46
Usually to place stop loss trader will using support and resistance level, the reason is simple if these level has a breakout, it's possible the trend will change, but there is another trader maybe use a different method to place stop-loss, like as using ATR to get average range on the timeframe, sometimes stop-loss indeed make regret if occurs after price hit stop loss but then few moments later the price reached the target
May 17 2021 at 17:28
UweMoench posted:Stop loss is a very important thing in trading. If you don't have proper knowledge about SL, you may face a huge loss.
Many traders think stop loss is a problem. But I think placing stop loss in the right area is the problem. Many place SL by counting pips not by seeing levels. Again it depends on the type of trading style.
Sep 08 2021 at 09:20
SteveHanks posted:But if you don't have any knowledge about SL, it will cause a great loss.UweMoench posted:Stop loss is a very important thing in trading. If you don't have proper knowledge about SL, you may face a huge loss.
Many traders think stop loss is a problem. But I think placing stop loss in the right area is the problem. Many place SL by counting pips not by seeing levels. Again it depends on the type of trading style.
Sep 08 2021 at 14:54
Helps stop loss to manage risk. Stop Loss needs to be used to maintain money management.
Definetely stop loss isn't a real problem. Of course, some traders might claim that it's very inconvenient and it brings potential profits from you, however I bet the biggest amount of traders would lose everything in a couple of trading days if there was no stop loss actually. If you're skilled and experienced enough, so you can try to trade without stop loss, but you have to monitor your deals all the time, which isn't recommended for traders mostly because there is a big chance to overtrade. So, I believe that stop loss is a problem only for those traders who can't understand its necessity.
Sep 11 2021 at 15:53
well, many still do not understand what it means and how to do it right
Sep 13 2021 at 11:28
I prefer to miss a profit than to incur a loss. Going against your risk management strategy can be the biggest mistake in trading. Doing it once, you are likely to make a habit out of it and this can make you a highly indisciplined trader.
Sep 13 2021 at 13:26
necolesilvers posted:This is an absolutely correct observation. Unfortunately, many in the pursuit of profit may not notice a lot.
I prefer to miss a profit than to incur a loss. Going against your risk management strategy can be the biggest mistake in trading. Doing it once, you are likely to make a habit out of it and this can make you a highly indisciplined trader.
Sep 15 2021 at 00:18
I'm not a big fan of using a stop-loss unless I'm in profit. I set alerts at areas of concern, check positions regularly and close manually if I feel uncomfortable.
Yes, I may be open to black swans, but it's a risk I am happy to take.
Yes, I may be open to black swans, but it's a risk I am happy to take.
All or nothing
Sep 16 2021 at 18:50
I think a stop loss is a very important tool. It's important to use it with a good risk management strategy. I do not risk any more than 2% of my account on any one trade. Also, when a trade comes into profit I move the stop loss to retain a level of those profits so I've always got pips in the bag.
Sep 16 2021 at 23:46
Stop loss is the way to manage the risk in trading, how to place stop loss each trader having own parameter, some of them using risk level, some another use support and resistance as the place, I think each trader have own preferences to manage the risk, now I am trying to use automatic trading and set stop loss 100 pips.
