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Stop Loss Importance
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Imamul

Medlem sedan Aug 09, 2017  503 poster Imamul Apr 16 at 08:00
i only use stop loss when trading during news. it cut more losses really . love this trading approach.

juri282

Medlem sedan Feb 06, 2019  11 poster juri282 (juri282) Apr 17 at 10:09
It is very important, but I recommend setting above 25 pips, because the price has a range of 30-35 pips, which can be easily seen on the chart.

canedebt

Medlem sedan Apr 10, 2020  10 poster canedebt Apr 17 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.

spanishtrader799

Medlem sedan Feb 19, 2020  19 poster spanishtrader799 Apr 17 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!

villaintrader

Medlem sedan May 10, 2019  14 poster villaintrader Apr 17 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.

Brick_56

Medlem sedan Apr 18, 2020  24 poster Brick_56 Apr 20 at 07:09
I think that's a good way to curtail losses. I try using SL the maximum times possible while trading.

jonny99

Medlem sedan Oct 21, 2019  32 poster jonny99 Apr 20 at 08:09
Brick_56 posted:
I think that's a good way to curtail losses. I try using SL the maximum times possible while trading.

Absolutely. Best way to reduces the probability of losses.

sangine

Medlem sedan Apr 06, 2020  10 poster sangine Apr 20 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

madquant

Medlem sedan Aug 26, 2019  52 poster The Mad Quant (madquant) Apr 20 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'.

Dorigda

Medlem sedan Apr 15, 2020  63 poster Dorigda Apr 22 at 07:43
In short, stop loss is a good opportunity to get away from big losses.

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