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Stop loss is a killer if

CraigMcG2020
Sep 08 at 07:00
164帖子
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 at 06:46
218帖子
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 at 10:11
174帖子
There are arguments for and against using them but usually it's right to have one

Akasuki
Nov 05 at 11:07
338帖子
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 at 12:43
643帖子
@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 at 14:42
116帖子
I never trade without a SL, not willing to risk it.

croisssan
Nov 06 at 09:38
485帖子
I believe that sometimes it can be the opposite of a trader's savior from losses.

momo3HC
Nov 07 at 10:40
207帖子
croisssan posted:
I believe that sometimes it can be the opposite of a trader's savior from losses.

Opposite? How?

Suradi (FXOday)
Nov 07 at 23:32
170帖子
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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