thread: Trading without stop-losses

I exchanged in the beginning without prevent losses too. But if you're wrong with your predicted price it may take till you reach T/P. So I started using S/L's and still have money to trade in the end of the day.

I began a trading account with $300 and lost $246 in matter of days just b/c of S/L. It might be possible to quit using stop losses when you're more experienced but as a rookie I'm sticking with them for now.

Trading without takeprofit it's better than without stoploss

I exchanged without stop losses at the beginning too. But if you are wrong with your called price it may take forever till you reach T/P. So I started using S/L's and still have money to exchange in the end of the day. I started a trading account with $300 and lost $246 in matter of days only b/c of S/L. It may be possible to stop using stop losses if you seasoned but as a newcomer I'm sticking with them for today.

I had the identical experience before. Didn't care about SL. Learned a fantastic lesson and utilize SL for every trade.

I discovered the hard way to not exchange with no exit strategy. Trading without a stop loss is trading without defining your risk.

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I am not going to advice a newbie to trade with no stop loss since the chart is new to him.Trading without stop loss is better for business gurus not for newbies. Your trading is closed by the stop loss when the company is going against you or whenever you're losing. Any trader who wish to trade without utilizing stop-loss is taking a higher risk.

Always have a stop loss, but maybe not crucial to put up this use a hidden stop reduction EA instead.

Without stop-loss you can simply have sucess that is uncontrollable. Sooner or later you'll go. Consider it a habit that is healthful.

I exchanged without stop losses at the start as well. But if you're wrong with your predicted price it can take till you get to T/P. So I started using S/L's and still have money to trade at the close of the day. I began a trading account with $300 and dropped $246 regardless of days of S/L. It may be possible to quit using stop losses when you're more seasoned but as a newcomer I'm sticking together for now.

It makes great sense to utilize SL and TP, however to just commerce without SL is just plain nuts. Of course, a few seasoned traders do opt to trade with no SL however they have years of trading experience. .

Hi Joldas,
it's all down to a discipline and how much time you need to look at the markets. Be weary occasionally a stoploss can save a lot of cash, as emotions get in the means of trading.