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Stop loss is a killer if

SofieAndreasen
Nov 30 2020 at 17:09
349 postów
Ericdier752 posted:
You are absolutely right. Every trader should know how to use stop loss properly.

However, some traders prefer to trade without any stop loss which is quite unreasonable.

Evelpist (Evelpist)
Dec 01 2020 at 07:26
22 postów
Stop loss is primarily a tool that you need to know how to use. Like any other tool. For example, you can take a hammer and use it to hammer in a nail. But if you don't know how to use it, you will hurt your finger. It's the same here. Stop loss placed at the wrong level instead of limiting the loss will bring the actual loss.

A walking person is always faster than a standing person
FirstHero (FirstHero)
Dec 01 2020 at 13:33
7 postów
The use of stop losses is highly dependent on the method of market analysis and trading. The stop loss level can be determined using technical analysis methods (levels, patterns, etc), as well as the maximum risk that the trader is able to accept in case of loss. Stop loss is not a killer if market conditions have been analyzed correctly.

Do not be greedy and invest in your business as much as you can.
XiaomingCN (XiaomingCN)
Dec 01 2020 at 13:50
13 postów
FirstHero posted:
The use of stop losses is highly dependent on the method of market analysis and trading. The stop loss level can be determined using technical analysis methods (levels, patterns, etc), as well as the maximum risk that the trader is able to accept in case of loss. Stop loss is not a killer if market conditions have been analyzed correctly.

I liked your definition.

Mohammadi
Dec 03 2020 at 03:10
852 postów
Loss is an inevitable part of trading there is nobody who can avoid it completely; mostly loss occurs due to lack of exact money management plan as well non-skill trading knowledge. So, for avoiding loss we have to focus on there.

Gingerrogers
Dec 29 2020 at 10:31
28 postów
Yes, a proper use of stop loss can be a saviour but if it is not used properly, it has the potential to ruin the prospective profits.

Christopher332
Jan 19 at 04:13
23 postów
Gingerrogers posted:
Yes, a proper use of stop loss can be a saviour but if it is not used properly, it has the potential to ruin the prospective profits.

The stop loss is a boon for every stock market trader but the predictions should be correct because the reason is that maybe the value of security such as Forex falls 10 percent per say. Now it will be automatically sold because you have set the stop loss to this value. The other situation is that maybe the value of security fell to 20 percent but then rally more than 100 percent to its original value. So stop loss is a double edged sword.

Darrensmith
Jan 19 at 06:16
37 postów
I think the stop is utterly useless because for me I am a day trader with a very short trading span. A borderline scalper if you say so because stop loss will make you secure but ruin your profits. It is the basics of the market that risk is involved.

Christopher332
Jan 19 at 08:12
23 postów
Darrensmith posted:
I think the stop is utterly useless because for me I am a day trader with a very short trading span. A borderline scalper if you say so because stop loss will make you secure but ruin your profits. It is the basics of the market that risk is involved.

Many traders have survived market crashes and wrong decisions through stop loss. People generally tend to look at the negative sides first rather than the positive ones. If you think sl has endless possibility to ruin profits then you can lower the stop loss percentage. For example through my broker Fxview I have made the stop loss only 5 percent of the original price; it is simple. When I was holding a forex pair on a particular day the value of the base currency fell tremendously. The stop loss saved me from losing literally all of my capital because it traded the currency at just 5 percent of the negative value. Same percentage of sl now I follow across all my trading accounts which include fxtm as well.

philipsimmions
Jan 20 at 09:39
42 postów
Stop loss is a little bit complicated but I don’t think we should completely ignore it, rather it should be studied first than saying it is good or bad.

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