Trading without stop loss
Uczestnik z Apr 09, 2019
538 postów
Nov 11, 2021 at 11:43
I don't think trading without a stop loss has got anything to do with skill. It's kamikaze risk management and wouldn't fly on any trading floor or in any fund so why is it acceptable for your own personal account? As the poster above me rightly says, this is a game of capital preservation first and foremost. We all lose trades and it's about ensuring those losses don't wipe out your gains. Yes you can hedge but how often does that go well?
If you can't spot the liquidity then you are the liquidity.
Uczestnik z Jan 22, 2021
125 postów
Nov 11, 2021 at 11:59
TraderIvana posted:Well said buddy! Trader can never think of trading without SL.
Forex trading is not about capital gains but rather about capital preservation and that's why stop loss is of huge importance while trading.
Uczestnik z Oct 29, 2021
70 postów
Nov 15, 2021 at 07:49
Without a stop-loss, there is no way to protect your trading account. You will lose your money sooner or later if you don't use stop loss while trading. It is a necessary tool for a successful forex trading career.
Uczestnik z Aug 05, 2021
401 postów
Nov 16, 2021 at 15:03
My anxiety would never allow me to trade with no SL, not that I would want to. I'd much rather be safe than to take big risks and lose it all.
Uczestnik z Feb 12, 2019
105 postów
Nov 18, 2021 at 11:41
I can't believe anyone would do this !! Even use a wude SL but none unless your hedging is trading insanity
Dec 04, 2021 at 19:59
Guess that stop loss is the main thing in trading activity. Lots of traders neglect trading with stop loss because they think that they know when to stop, nevertheless, according to the statistics, the vast majority of traders doesn't know when to stop. They just blow their accounts, especially when they trad with leverages.
In my opinion, it's strictly prohibited to trade without stop loss and I don't talk only about novices, it concerns professionals as well.
In my opinion, it's strictly prohibited to trade without stop loss and I don't talk only about novices, it concerns professionals as well.
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