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Stop Loss Importance
Členom od Jul 19, 2020
310 príspevkov
Aug 17, 2020 at 10:36
Some traders use stop loss some don't. It depends on what strategy and system you are using. For scalping and short term trading stop loss is important. Otherwise you may get margin call if you don't use srop loss.
Členom od Feb 01, 2019
9 príspevkov
Aug 17, 2020 at 10:57
I developed an EA and tested it without SL. I have 100% wins for 3 years.................but then my account was wiped out in a week.
Členom od Jul 19, 2020
749 príspevkov
Aug 17, 2020 at 11:45
Yes stop loss is important. Without stop loss you can lose all of your money. You can manually close or put a stop loss but you can not run your loss trade for long, especially in trending market.
Členom od Jul 27, 2020
99 príspevkov
Aug 18, 2020 at 05:29
Stop Loss is very important style to be consider if you do not want your account to get wiped out.
Členom od Jan 16, 2014
11 príspevkov
Aug 21, 2020 at 16:33
the forex banker traders use SL but they use a ratio of 2:1. That mean your TP should be double the SL. In some case like gbpsnzd gbpaud i use 3:1 since it's volatile.
Follow this rule and you will do fine. Usually you should be able to double your account each year.
Follow this rule and you will do fine. Usually you should be able to double your account each year.
Členom od Jul 19, 2020
749 príspevkov
Sep 02, 2020 at 10:40
If you are a short term trader stop loss is very important. You can place a stop loss or you can put a stop in your mind but you have to use it. Otherwise in case market goes against you you will get a huge loss. Many new traders get margin call just by not putting any stop loss.
Členom od Jul 19, 2020
283 príspevkov
Sep 07, 2020 at 19:12
Stop loss is very important for the new traders to control their losses. It will help them not to lose their confidence,
Členom od Jul 19, 2020
742 príspevkov
Sep 08, 2020 at 00:42
Stop loss is very important for many trades. Stop-Loss protects the trader from unexpected moves. It is never possible to manage risk rewards without using a stop loss. Stop Loss must be used to follow Money Management. All in all, it is not possible to follow the trading discipline without stop loss.
Členom od Jul 10, 2020
32 príspevkov
Oct 19, 2020 at 11:08
SL is a must to use. I don’t think many traders, especially experienced ones, would be trading without it.
Členom od Jul 19, 2020
283 príspevkov
Dec 12, 2020 at 09:46
Stop loss is very important for all the new traders to control their losses.
Členom od Nov 17, 2020
17 príspevkov
Jan 05, 2021 at 09:13
Stop loss helps a lot in saving a trader from prospective losses. It can very well help the beginners who have a higher risk of losing.
Členom od Jul 27, 2020
79 príspevkov
Jan 05, 2021 at 09:23
Some talk about the fact that you can trade without a stop loss from my practice, I will say that it really helps to avoid critical and unnecessary mistakes and losses.
Členom od Jan 11, 2019
140 príspevkov
Jan 05, 2021 at 11:44
stop loss is important as it can help the trader from gng away into further losses.
Členom od Jun 22, 2020
69 príspevkov
Jan 05, 2021 at 11:56
cardigan posted:
Stop Loss is very important style to be consider if you do not want your account to get wiped out.
Yes, on point. I made a mistake a while back ago forgetting to put on stop loss and I lost a large amount of bucks for that. Will never make such a mistake again.
Členom od May 13, 2020
119 príspevkov
Feb 04, 2021 at 14:20
I think those who initially say that stop-loss is not a good trade, as a result, they understand its expediency and begin to use it.
Členom od Jan 21, 2021
49 príspevkov
Feb 09, 2021 at 11:35
I never trade without stop loss because this gets you out of your position if the price turns against you. It is a good risk management strategy to use.
Členom od Feb 04, 2021
32 príspevkov
Feb 09, 2021 at 11:57
I have understood the importance of stop loss after losing money. So, I consider stop loss as a means of risk management.
Členom od Aug 26, 2020
76 príspevkov
Feb 09, 2021 at 14:36
I think you are not the only one who understood the importance and significance of stop loss through the loss of your funds.
Členom od Dec 28, 2020
167 príspevkov
Feb 16, 2021 at 08:44
Stop loss is very important as a newbie I have never traded without stop loss so that I can’t make any large losses. Even I would suggest that if you don’t have much experience then always trade with a stop loss.
Členom od Jul 23, 2020
816 príspevkov
Feb 24, 2021 at 13:48
Stop loss is the best way to minimize the loss in trading. Every trader should use it.
