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Importance of Stop Loss

Frank Martin (frankmartin1)
Feb 25 2019 at 07:15
46 príspevkov
Treeny posted:
Some pro traders claim they don't use a stop loss. I find this unbelievable.
LOl 😀 stop loss is very important to success in the currency trading.

How it's possible?

Adribaasmet
Feb 25 2019 at 07:21
951 príspevkov
Professional4X posted:
Treeny posted:
Some pro traders claim they don't use a stop loss. I find this unbelievable.


It depends on what the strategy is actually. I say this, because there are some strategies where a trade stays open regardless of the loss or profit.

For example, if a trader opens multiple trades for EUR/USD, they might just hold the bad trades until the aggregate value of the trade basket indicates a profitability, and then close out the entire position of EUR/USD or whatever they happen to be trading.

In general however, real pro traders know the importance of money management, and the value of using a reasonable SL.

You are right; and it’s not common scenario actually; as I see maximum pro traders are interested on SL since, they know the value of if.

AniLorak
Oct 27 2019 at 17:05
920 príspevkov
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!

ElliotCooke
Aug 31 2020 at 11:52
341 príspevkov
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.

AliaDare
Sep 01 2020 at 01:00
700 príspevkov
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.

PCube Singapore
forex_trader_[1151190]
Sep 01 2020 at 12:57
17 príspevkov
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.

SofieAndreasen
Sep 14 2020 at 00:05
667 príspevkov
AniLorak posted:
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!

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.

radioactive
Sep 14 2020 at 07:21
47 príspevkov
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

Pegima (pegima)
Sep 14 2020 at 08:09
22 príspevkov
Stop-loss is one of the most important things in forex trading especially for beginners and for those who do day trading.

vontogr (togr)
Sep 14 2020 at 08:32
4862 príspevkov
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

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