Stop Loss Importance

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.

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.

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.

Stop Loss is very important style to be consider if you do not want your account to get wiped out.

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.

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.

Stop loss is very important for the new traders to control their losses. It will help them not to lose their confidence,

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.

SL is a must to use. I don’t think many traders, especially experienced ones, would be trading without it.

Stop loss is very important for all the new traders to control their losses.

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.

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.

stop loss is important as it can help the trader from gng away into further losses.

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.

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.

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.

I have understood the importance of stop loss after losing money. So, I consider stop loss as a means of risk management.

I think you are not the only one who understood the importance and significance of stop loss through the loss of your funds.

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.