Trading without stop loss

Trading without stop loss is possible if you have that type of skills and strategy. Many people do hedging as a risk management policy instead of stop loss. Some do not use any of them. It is all about how much skilled you are. And what you are comfortable with. You have to find out your strength by yourself.

SL is a risk management policy. It is better to trade with protection as we all know it is a risky market.

This is a big no-no.

It is impossible to follow risk management when trading without stop loss. If a trader trades without stop loss, he may face unexpected loss.

Averaging refers to counter-trend trading techniques and requires impeccable self-discipline from the trader and careful assessment of their risks.

Trading without a stop is possible when you follow the trade yourself constantly. And if you leave the term for a day or even a week, then it is better to put a stop loss on open trades.

SL is one of the best tools that we as traders have. Why should anyone not use it? It’s one of the best exit strategies.

Trading without SL does nothing but blows your account.

I would not suggest to trade without stop loss as it can be very risky especially for the new beginners

There is huge possibility of losing your money very quickly. That's why some people are scared of investing in forex trading. Even after that everyday millions of people are trading. And it is not necessary that everyone should do trading. There are many other business one can do. And many people are doing great with other business.

It's a good idea. transaction without emotion. ie fire account is stop. First need to study carefully your strategy to see if there is profit

As long as you are very disciplined, it can be done. I don't add any stop loss on a per trade basis on one of my accounts but on the account drawdown. If I met a drawdown of say 20%, then my trading bot will close all orders, and start all over again. I have some trading bots that have stop loss on every trade as well. It depends on your backtest and research. It also depends on one person's psychology and discipline.

Trading without Stop Loss can be done, obviously, but just to be on the safer side, you would want to trade with stop loss to avoid the losses. You can consider the input of risk and money management to make a proper trading without using stop loss mechanism.

robindude posted:
Trading without Stop Loss can be done, obviously, but just to be on the safer side, you would want to trade with stop loss to avoid the losses. You can consider the input of risk and money management to make a proper trading without using stop loss mechanism.

Market works in mysterious way. So, it is better to prepare to avoid loss for any uncertainty.

I too believe, that using stop losses is quite beneficial in order to keep losses away.

It is essential to use stop loss to maintain risk. Because it is not possible to manage risk without stop loss.

Stop loss and successful trading are inextricably linked with each other, as it is impossible to imagine a successful trader who does not use stop losses.

I think under no circumstances should stop loss not be used, it really is not worth the risk. I have suffered massively in the past when I was too casual and paid the price in terms of losing all my profits. I have made a fresh start with IB and fxview and vowed to never not use sl.

Gleywilleyy posted:
I think under no circumstances should stop loss not be used, it really is not worth the risk. I have suffered massively in the past when I was too casual and paid the price in terms of losing all my profits. I have made a fresh start with IB and fxview and vowed to never not use sl.

The problem here is it's based from your own experience and it may not be the same with others. Though I understand the importance of SL. As I've mentioned before it would depend on the strategy you use and how focused you are when trading. I do have an account with a stop by overall % of drawdown on all trades but not on a per trade basis. But I have another account where I use SL on all trades. It really based from your backtest, research, and forward testing. It's also a personal preference I guess.