UweMoench
Členom od Jul 19, 2020
751 príspevkov
Mar 25 2021 at 13:12
Yes stop loss is important but if you do not know how to place an effective stop loss, you will get the stop out more often than normal. You need good expertise to place stop loss.
Femilas
Členom od Nov 26, 2020
30 príspevkov
Mar 25 2021 at 15:01
If we consider a stop loss order from a technical point of view, then it can be compared to a regular pending order, which is activated when the price reaches a given value.
AliaDare
Členom od Jul 19, 2020
788 príspevkov
Mar 25 2021 at 15:19
Femilas posted:I am also always in favor of using a stop loss. Stop Loss has saved me from many unexpected losses. So I never want to trade without stop loss.
If we consider a stop loss order from a technical point of view, then it can be compared to a regular pending order, which is activated when the price reaches a given value.
Dictiony
Členom od Apr 01, 2020
231 príspevkov
Mar 26 2021 at 01:46
Stop-loss mostly used to avoid big loss in our trade and also if we want to get small profit then we also use it.
LukeRachel
Členom od Mar 16, 2021
477 príspevkov
Mar 26 2021 at 03:46
It is very important to use stop loss to trade by maintaining discipline. Protects to stop-loss account. So I never trade without stop loss. Moreover, to maintain a 1: 2 risk ratio, it is necessary to use a stop loss.
suzannewallace
Členom od Jan 08, 2021
12 príspevkov
Apr 08 2021 at 09:44
You can probably watch a few videos and read about where to effectively place your stop loss. You will get an idea of it with time and practice.
Akasuki
Členom od Mar 28, 2021
532 príspevkov
Jun 07 2021 at 04:04
Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.
SteveHanks
Členom od Mar 17, 2021
536 príspevkov
Jun 07 2021 at 05:54
Akasuki posted:Yes. Without proper knowledge about SL, it is quite difficult to use it.
Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.
Cordawield
Členom od Nov 03, 2020
65 príspevkov
Jun 08 2021 at 07:50
Using stop loss really helps a lot to avoid losses that may arise during trading if there are changes in the market.
NALA
Členom od Jun 02, 2021
1 príspevkov
Jun 08 2021 at 08:40
Stop loss is very necessary, experienced liquidation!
Alexthetrader
Členom od May 27, 2021
64 príspevkov
Jun 08 2021 at 09:27
Stop loss limits our losses and that's why it is a crucial part of forex trading.
Charmaine
(CharmaineDizon)
Členom od Jun 04, 2021
5 príspevkov
Jun 08 2021 at 11:55
Stop loss is very important! I actually have no idea how traders can trade without it lol. Trading without stop loss is like a guaranteed way to throw your account! Although admittedly, it's a bit challenging to know the optimal stop loss placement because you don't want your stop loss to close our your trades unnecessarily, of course.
“Don’t be afraid to give up the good to go for the great.” – John D. Rockefeller
Killerbee12
Členom od Jun 08, 2021
9 príspevkov
Jun 08 2021 at 12:48
Stop loss is the single most important thing in trading. next is lot size. everything else is secondary
lovefortrading
(perryjohn765)
Členom od Sep 12, 2017
238 príspevkov
Jun 08 2021 at 17:04
stop loss is imp no doubt but trailing stop loss is something which is interest and helpful
RobSchiz
Členom od Mar 25, 2021
567 príspevkov
Nov 03 2021 at 20:41
perryjohn765 posted:Yes. You are right.
stop loss is imp no doubt but trailing stop loss is something which is interest and helpful
Frionson
Členom od Dec 18, 2019
20 príspevkov
Nov 27 2021 at 15:25
It's pretty difficult to underestimate the necessity of using stop loss. The vast majority of traders don't use it because they think that it restricts their potential income, however it's very important to reduce risks. If you lose the position, it's okay, it's trading and nobody is protected from it.
So, always use the stop loss, as for take profit, then here you have to decide by yourself.
So, always use the stop loss, as for take profit, then here you have to decide by yourself.
croisssan
Členom od Jul 22, 2021
939 príspevkov
Nov 27 2021 at 17:01
This tool is really important to use. It should be understood that this is a kind of trader's insurance against losses.
RobertFerrari
Členom od Aug 15, 2021
391 príspevkov
Nov 30 2021 at 17:44
croisssan posted:It helps a trader to reduce their loss.
This tool is really important to use. It should be understood that this is a kind of trader's insurance against losses.
kroxobor
Členom od Nov 23, 2021
34 príspevkov
Dec 02 2021 at 06:35
A stop loss limits a trader from suffering undesirable loss, everytime market moves against him. An additional benefit of using a stop loss is that it frees a trader from any emotional influence. Market can take a quick turn before you could make any decision about whether you want to hold the position or sell.