Stop Loss Importance
Členom od Aug 09, 2017
785 príspevkov
Mar 13, 2020 at 06:33
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.
Členom od Mar 13, 2020
4 príspevkov
Mar 13, 2020 at 09:17
Stop Los must still be able to use. as a tool that will help not lose your account.
Členom od Mar 13, 2020
3 príspevkov
Mar 13, 2020 at 09:48
Before, I also did not use stop loss, I wanted to earn more. And as a result, loss of account.
Členom od Jan 10, 2020
37 príspevkov
Apr 10, 2020 at 12:00
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.
Therefore I prefer not to set it at all.
forex_trader_688163
Členom od Feb 28, 2019
140 príspevkov
Apr 11, 2020 at 11:20
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.
Členom od Aug 26, 2019
52 príspevkov
Apr 11, 2020 at 12:58
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.
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.
Členom od Nov 21, 2017
1 príspevkov
Apr 12, 2020 at 04:22
andrew_2 posted:Agreed.
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.
forex_trader_1153031
Členom od Feb 28, 2020
77 príspevkov
Apr 12, 2020 at 06:14
I don't use stops for smaller deposits and I'm doing fine
Členom od Aug 09, 2017
785 príspevkov
Apr 16, 2020 at 08:00
i only use stop loss when trading during news. it cut more losses really . love this trading approach.
Členom od Apr 10, 2020
10 príspevkov
Apr 17, 2020 at 12:15
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.
Členom od Feb 19, 2020
19 príspevkov
Apr 17, 2020 at 12:35
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!
You can get luck and not get hit.
But you also can get really UNLUCKY. that way you will lose everything.
trade safe!
Členom od May 10, 2019
14 príspevkov
Apr 17, 2020 at 14:14
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.
Členom od Apr 18, 2020
54 príspevkov
Apr 20, 2020 at 07:09
I think that's a good way to curtail losses. I try using SL the maximum times possible while trading.
Členom od Oct 21, 2019
32 príspevkov
Apr 20, 2020 at 08:09
Brick_56 posted:Absolutely. Best way to reduces the probability of losses.
I think that's a good way to curtail losses. I try using SL the maximum times possible while trading.
Členom od Apr 06, 2020
10 príspevkov
Apr 20, 2020 at 12:38
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
Členom od Aug 26, 2019
52 príspevkov
Apr 20, 2020 at 14:59
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'.
Členom od Apr 15, 2020
83 príspevkov
Apr 22, 2020 at 07:43
In short, stop loss is a good opportunity to get away from big losses.
Členom od Feb 24, 2020
10 príspevkov
May 22, 2020 at 11:54
certainly this is one of the most important tools for any trader
Členom od Jan 06, 2020
83 príspevkov
May 22, 2020 at 15:29
I believe I wrote the benefits of stoploss and some people still chose to ignore it https://www.myfxbook.com/community/general/7-benefits-using-stoplosses/2197277,1 This has been my greatest protection tool in saving my profits which made me successfully become a professional.
Market Direction
Členom od May 13, 2020
128 príspevkov
May 24, 2020 at 03:50
Stop Loss should be set at the level of a possible rebound, which must be calculated on the lines of support and resistance, channels and other tools.
