thread: Trading without stop-losses

It is absolutely important to have a SL.

Whether it is a physical prevent loss which you place with your broker, or a stop loss which you have in your head is a different story.

No it is not crucial that you have a physical SL if you are sitting infront of your computer screen throughout the whole trade, the more important question is, do you know at what point/price degree you will close your trade when things go against you personally.

Before you enter a trade, you need to know where your exit is, otherwise you are certain to fail.

Another point that I would like to make is, I see many people making the mistake of setting their SL predicated on a fix% of their capital, in order to follow along with the 2% rule, which I believe is a fantastic rule, except they're approaching it in the wrong side, rather than placing ur stop reduction in at a random level so that you simply lose 2 percent, place it at a reasonable level, then adjusting your posture size to then equal 2% once you reach your SL. This way you provide your trade room to breathe, even while controlling your risk at the exact same moment.



Kyle.

I consented that it depends on which traders u r. if u a day traders that willing to devote hours to get a profit, I believe a SL wud be a terrific help. In terms of scalpers, because the trade take a brief time frame I dont think it matter much.

My 2 pennies.

I really don't use S/L but I have quite a nerve to quit my trades in more or less appropriate times, until I lose my weekly and (mostly) last times profit. Works good enough as I rarely have to quit. Market is liquid enough - whereas S/L will be struck with the first spike appearing in the event that you shut your transactions manually you may await the price to retrace a bit overall I think that my losses are not as great as they'd be if I put S/L each time that I open a trade

It is absolutely important to have a SL.

Before you enter a transaction, you have to understand where your exit is, otherwise you are bound to fail.

Another point I would like to make is, I see a lot of people making the mistake of placing their SL based on a fix% of their capital, in order to follow along with the 2% rule, which I believe is a fantastic rule, except they are approaching it in the incorrect side, rather than placing ur stop reduction in at a random level so that you simply lose 2%, place it at a reasonable level, and then adjusting your posture size to then equal 2% after...

Great to see somebody that thinks like me, and explains it well, many pips to you my friend!

Many new traders believe they have to bet big to win big, not necessarily true.

Purely gambling...

Hello, everyone!

I have a question that anybody trade without stop-losses, and successed? Trading without stop-loss could be carried out? Has any notion, plz? thanks.

It's possible if you are trading day then. But in the event that you understand the range, don't bet big, you are seeing the market all the time, and also have a mental stopyou can exchange without actual stop loss.

However, the biggest problem when you don't have a stop loss is that the news, that can suddenly move the market by a large amount in one direction in a really limited time. If you are unable to get out fast this can result in massive losses.

It is definitely not for the faint hearted. I believe everybody should have a lot away stop loss, to cater for surprise news.

I believe best way to exchange (intra day) without stop loss would be to watch for the market to move considerably in one direction (thats why you need to know daily the range) and look for the retracement. By way of example if eurusd has proceeded approximately 200 pips in one direction then you can look for a reversal, since it is highly unlikely it'll move another 200 pips in the exact same direction during the day, therefore you're minimising loss. That's why I believe time of the day you exchange is very significant. It truly is not a fantastic idea going into a trade during the start of US session (even early london session) with no stop loss, if you are the sort of person who can't get from bad trade fast. Alternatively trade Asian session in which the range is smaller.

I think it is Likely to Exchange Without Any stop loss if you did it on Oriental market

Trading with no stoploss in place is. Realize your analysis was wrong, take the loss, and move on. It will make you a better trader in the long run. I guarantee.

Hi all!

No SL means you are able to earn with different trades, what you loose using all the first loosing trade. It is as straightforward as this.

It really works and gives you good profits, but it's not a easy thing to do with no tranning.

Best regards,

Because I dont want a huge drawdown, I exchange with SL. Additionally, because of my MM strategy, 400pips reduction can wipe off my account (I double my lot dimensions following every 400pips). So I stay with my 20-30pips SL and also my 60-100 TP (I accept the little I get). My advice is stick with a HARD stop. What's the wisdom of waiting to get a -200pips commerce to come back and offer me profits when I could've taken a small reduction and wait to stick to the transaction to where it's going to? Only my way!