thread: Trading without stop-losses

The proper use of a stop loss:

I tend to escape from using stops as playing with lot and adequate deposit you may anticipate the price will input profitable zone.
Aside from the news straddle strategy utilize free-of-stop strategy to maintain USD/RUB positions on Hotforex (mostly short ones provided that swap is quite annoying)
Just don't keep to large deposits to avoid being depleted by rollover spikes, etc..

And stop loss is part of ur analysis when u attempting to forecast the price movement, with a good analysis u can place ur stop loss take profit at the right place, if u think ur cease lose not make cant make more profit dont consider how usles ur SL, just blame ur analysis after u do it u want to try and enhance it to make more profit at ur next trading.

and prevent loss is part of ur analysis when u trying to forecast the price movement, using a good analysis u can put ur stop reduction take profit at the ideal place, if u think ur stop lose not make please create more profit dont consider how usles ur SL, simply blame ur analysis after u do it u want to attempt to enhance it to make more profit at ur next trading.

Nicely do reveal just how good your trading (at least two years worth) is using that stop loss you are so convinced about using?
Your results reflects with the stop loss right?

I am not sure about the preposters systems and the way this works out with or without a SL. In my opinion it is crucial to know in EVERY situation funds will flush down the toilet when all goes wrong.

I needed to find out the hard way (-98% in a 2hour window), which everything could occur at any moment...

Today I'm in for capita preservation and now there that the #1 point is to learn your risk.

I'm working in a major insurance company and therefor FX is a easy risk(y) evalutaion business. Everything else is simply gaming... Of course you can say that SL is never the end of every trade but it gives the risk that the most secure boundries that you might have...

This discussion won't ever hae a consence...

I don't trade with a SL anymore, but that is because my strategy is a little unconventional. I would use one if I were starting out. You need to protect your capital. But they're so frustrating... how many times would you make a trades, see the price run your SL simply to reverse the opposite direction? You curse the planet, get mad, attempt to chase your loss etc.. Too much emotional difficulty there for me.

When the stop has hit very often or at a rate it's killing you around, it merely means the stop does not fit into your system. Where, although there is nothing wrong placing the stop.

Hi, According to me personally, I would like to maintain a stop loss in the event the terms existing in the market are uncertain and volatile. By way of instance, when I had been trading on each of the trades this month, close to the FOMC meeting I had kept a Target profit along with STOP LOSS. The stop loss helps us avoid major losses which has the potential to happen during the turbulent market conditions. Its is a basic risk management tool during the rout in equities markets or commodities market or forex market. Be safe and place SL if trading during volatility or when...

Correct. Sl also protect and lock your profit before you trade the FOMC, too.

I tried trading without a sl for while I would earn a profit then blow it all in one trade I would not suggest it Id say that you need sl in order moment my sl is 10 pips

maybe it is better to use the percent each risk, and ATR to figure out the amount of pips you would use for SL.
GBPJPY, GBPNZD would take out that 10 pips SL in less than 5 seconds in almost any opening hour round the clock.

In case you live in denial you could earn a synthetic stop loss with a hedge. You could probably successfully average from losing positions most of the time. Is margin call considered a stop loss? You don't have to use a stop loss. There are. However, the question is would you trade without any risk management?

I would say any successful trading would have a solid risk management. SL = Risk Management
Margin call isn't a risk management. Margin call is an entire DEFEAT and one's reality check (if he continue think the table will turn).
Once I had been interviewed as rogue FX trader for oversea investment bank back in 2012, any DD over 15% would be regarded as bad risk management.

I used to water ski. I would really hang on to the tow rope and I hated to fall and the ship would drag me. There is. Your stop is almost as important as your entry as Al Brooks says. This helps me to determine my entry BTW. If I don't have a stop below or above an area or resistance or service that is suitable for my plan, I can't enter.

I would like to think sl is more important than the entry. Stop would be the very first measure of risk managing. When you entry, you're at risk. No entry, no risk.

BTW, I enjoy that water ski example.

and stop loss is a part of ur analysis when u trying to forecast the price motion, with a fantastic analysis u can put ur stop loss take profit at the right position, if u think ur cease lose not make cant make more profit dont consider how usles ur SL, just blame ur analysis after u do it u need to try and enhance it to make more profit at ur next trading.

I'd like to say and think that you have blamed the incorrect party. SL is a part of risk management, and analysis is analysis. Orange, apple.
SL involved taking cuts and strikes to your account. This ability has to be discovered in a way in the circumstance. That's the only way.

One day you would wrongly feel your analysis is perfect with 100% probability, does that mean you can also draw the SL? Perhaps we need to rethink that a bit.

SL is a great tool when you're learning, Id say it is essential really. However, as you gain experience and develop your own style and comprehension, you may well find that SL is a significant part of why you're losing.

I have a tendency to escape from using stops as playing with small lot and adequate deposit you can anticipate the price will someday input profitable zone. Aside from my news straddle strategy utilize free-of-stop strategy to maintain USD/RUB rankings on Hotforex (mostly short ones provided that swap is rather annoying) Just don't keep to big deposits to avoid being depleted by rollover spikes, etc..

do trading without stop loss take a significant risk, because for trader which have a long time for watch the price motion, stop loss is very needed. I just suggest better u use stop loss when u do forex trading.

any trader possess their own technique to do forex trading, even if u think its function for u I think its good for u. but because of me personally, I'd rather to do trading without use cease shed, cause I choose to do trading by my own, ill focus once I do forex trading, cause I want to live by forex trading.

With or with no sl, here are my questions must be response by yourself.Can you drive a car without a break? Would you be in a position to forecast the market correctly therefore every trade would be ended up winning without a need to own SL? Would you have the ability to anticipate any news event or swan event in the FX market at ALL time? Would you prefer to nicely maintain your account WITHOUT the risk management by setting correct SL and risk on each trade? Would you prefer to trade your account WITHOUT understanding how much you really gonna lose on the next or current position? If you answer NO for any above questions, then I would recommend you to have a sl set on each position you place.

Btw, you will find a lot more to the way to place your stop and how it works with risk management. Learn it, try it and master it.

quote When the stop gets hit very often or at a rate it is killing you around, it merely means the stop doesn't fit in your system. There is not anything wrong placing the halt, however where. quote Correct. Sl additionally protect and lock your profit before you trade the FOMC, also. quote perhaps it's far better to use the % per risk, and ATR to figure out the amount of pips you would use for SL. GBPJPY, GBPNZD would extract that 10 pips SL in under 5 seconds in any hour around the clock. quote I would say any successful trading would have a strong...

So we eventually become successful traders on your own?

I would never recommend trading anything without SL, but if you ask me I have some traders (or trades in the past) performed without SL, yes , as long as traders are certain and sure about a few details to those trades, its a risk YES, a big risk, but it will match a few strategies, for starters just do not think and after you execute that trade adhere to you personally parameters at all price, once you calculated RR ratio, then you should have a mind set to take a losing trade, and so on. . Best of fortune.

quote So we become successful traders like yourself?

Trade using a sl as a key part of your risk management is merely the beginning and foundation. Becoming a successful trader, that is another story.
I am not successful, but I did commerce intensively since 2007 and watched and experienced a lot more compared to numerous traders on FF.

If you feel I am good at FX, thank you very much but I still have a lot to know.

yes I do, as long as traders are certain and convinced about a few details to these transactions, its risk YES, a big risk, but it will match some strategies,

hello Jiggz, I might like to believe from the risk standpoint, there is always risk a doubt once a trade is put no matter how positive you are unless your individual perception would have the ability to predict every next more from the next every second. Why are you afraid of placing an SL then if you're so convinced your next trade would be a winner 100%? Same thing, should you're able to take the risk on each and every trade, why are you afraid to put a sl then? Yes? No?

I think trading for example someone mentioned before, such as driving a car without brakes. You may go through everyday trading without losses, but you hit a reduction that's gonna consume all the profits and more. I tried that and zeroed my account in a couple of days.