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Rosstaylorr
Jan 22 2021 at 09:28
25 โพสต์
philipsimmions posted:
Stop loss is a little bit complicated but I don’t think we should completely ignore it, rather it should be studied first than saying it is good or bad.

There are various types of stop losses which are offered by the broker. My broker Fxview has provided me with the trailing stop loss. In this condition no absolute value for the stop loss is set, it is a percentage of the value of the asset. In the long run, I have also invested in the cryptocurrency through XTB, stop loss becoming irrelevant. So stop loss is a very situational tool.

philipsimmions
Jan 22 2021 at 09:55
42 โพสต์
Rosstaylorr posted:
philipsimmions posted:
Stop loss is a little bit complicated but I don’t think we should completely ignore it, rather it should be studied first than saying it is good or bad.

There are various types of stop losses which are offered by the broker. My broker Fxview has provided me with the trailing stop loss. In this condition no absolute value for the stop loss is set, it is a percentage of the value of the asset. In the long run, I have also invested in the cryptocurrency through XTB, stop loss becoming irrelevant. So stop loss is a very situational tool.

Markets are so unpredictable that I would say they are an asset across all situations.

niceGLer
Jan 22 2021 at 10:32
168 โพสต์
Stop loss is a safety net or a backstop so to say, it should be put far enough for preventing a catstrophic event, such as the black swan of unpegging of the EURO and the CHF. Otherwise, everything should be implemented programmably or by constant monitoring of the trade.

niceGLer
Jan 22 2021 at 10:55
168 โพสต์
philipsimmions posted:
Rosstaylorr posted:
philipsimmions posted:
Stop loss is a little bit complicated but I don’t think we should completely ignore it, rather it should be studied first than saying it is good or bad.

There are various types of stop losses which are offered by the broker. My broker Fxview has provided me with the trailing stop loss. In this condition no absolute value for the stop loss is set, it is a percentage of the value of the asset. In the long run, I have also invested in the cryptocurrency through XTB, stop loss becoming irrelevant. So stop loss is a very situational tool.

Markets are so unpredictable that I would say they are an asset across all situations.

I immediately realized that there was in any way no stop loss that could have prevented losses arising from unpegging of Swiss Franc. Money management could have been one.

momo3HC
Jan 26 2021 at 21:02
219 โพสต์
In short - SL is a must but you must know how to use it properly.

lanayates
Feb 20 2021 at 04:50
14 โพสต์
That is right. But in the right situation, it can actually save a trader from any higher loss. Quite an effective tool, I’d say.

LyudmilLukanov
May 07 2021 at 17:21
733 โพสต์
lanayates posted:
That is right. But in the right situation, it can actually save a trader from any higher loss. Quite an effective tool, I’d say.

It is the most useful tool in trading. Never trade without setting SL.

Dailiesette
Jun 11 2021 at 05:04
6 โพสต์
That is right and I always advise my friends to be very careful with using stop loss. They should first learn it properly and then make use of it on their trading system. Wrong placement of sl can be very inimical to high profits.

Mark (MoneerKarkanawi)
Jun 11 2021 at 13:57
8 โพสต์
since I stopped putting a stop loss my trading and mentality have been going up ....it could be place as an emergency measure way far from your trade but its not usually what gets me out of a trade ... market behavior and price action does

RobertFerrari
Sep 07 2021 at 18:13
305 โพสต์
momo3HC posted:
In short - SL is a must but you must know how to use it properly.

Yes. It is very dangerous to use SL without proper knowledge.

CraigMcG2020
Sep 08 2021 at 07:00
188 โพสต์
Yes i agree you have to use a stop loss for sure. It forms the basis of your trading plan. You cant measure your successful trades if one losing one can wipe out your entire week's work. It is key to have set risk to reward so no matter what trade youre in you can have idea of what you will get and then create a large sample size to see if the strategy is profitable

RobertFerrari
Nov 05 2021 at 06:46
305 โพสต์
CraigMcG2020 posted:
Yes i agree you have to use a stop loss for sure. It forms the basis of your trading plan. You cant measure your successful trades if one losing one can wipe out your entire week's work. It is key to have set risk to reward so no matter what trade youre in you can have idea of what you will get and then create a large sample size to see if the strategy is profitable

Stop loss is very important if you want to control your losses.

Treeny
Nov 05 2021 at 10:11
181 โพสต์
There are arguments for and against using them but usually it's right to have one

Akasuki
Nov 05 2021 at 11:07
441 โพสต์
Not to use stop loss, you need very good skills and mindset. And also in your mind you should have an SL. It also depends the type of trading you do. If you are a short term trader, you should use SL.

UweMoench
Nov 05 2021 at 12:43
737 โพสต์
@Akasuki Yes a person needs good skills and experience not to use stop loss. A new trader should not trade without SL. You can get margin.

HeavenLeighGill (HeavLeighGill26)
Nov 05 2021 at 14:42
150 โพสต์
I never trade without a SL, not willing to risk it.

croisssan
Nov 06 2021 at 09:38
627 โพสต์
I believe that sometimes it can be the opposite of a trader's savior from losses.

momo3HC
Nov 07 2021 at 10:40
219 โพสต์
croisssan posted:
I believe that sometimes it can be the opposite of a trader's savior from losses.

Opposite? How?

Suradi (FXOday)
Nov 07 2021 at 23:32
200 โพสต์
Stop-loss is one feature where we can use it for learning how to trade, we can set up risk limit in every order use stop loss, and how to determine the entry point we can learn where the best price and times to make entry point but the stop loss distance in accordance the risk limit on the plan, here we trying to catch the entries on the crucial zone in reversal market.

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