thread: Trading without stop-losses

I am studying here a few things about how amazing is trading with no SL that I am really scared if a few newbies take it seriously because they are going to lose him and him next productions money! Come on guys, be severe!!! Trading without SL is exceptionally risky and not recomended for seasoned traders. . .but you are providing a advice to newbies, before saying this kind of stuff therefore rethink.

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He's his oppinion, I have mine. I trade Price Action, so I dont forecast, and if I have to change my position if price go against meI just do it. . .so I will make profit in any event. In order to accomplish that I MUST place STOP LOSS for certain.

Traders using traditional systems based on predictions (by technical analysis or fundamentals) and using all sort of resources, indicators, oscilators, etc.. .could have a tendency to avoid SL only because they believe they can predict what prices will do later on, and then their posisitions are put on stone...(huge mistake).

Be cautious with professionals, broker courses, and so on... because they are the reason 95% of traders eliminate money. I dont use any of the stuff I'm on the side of 5 percent and these guys sell, but if you are also in this aspect, dont change anything, just continue doing what you are doing. . .like me.

quote He has his oppinion, I have mine. I exchange Price Action, so I dont predict, and when I must modify my position if price go against me, I just do it. . .so I will make profit either way. In order to accomplish that I MUST place STOP LOSS for certain. Traders using traditional systems based on predictions (by technical analysis or fundamentals) and employing all sort of tools, indicators, oscilators, etc.. .could tend to steer clear of SL only because they think they can predict exactly what prices will do in future, and then their posisitions are set on rock...(enormous...

Agree stick with we do daily and understand what work's for us.
Not going to post any more on these forums.
Guess it is not appropriate to try press everything I do on different men and women.
Additionally you can waste so much time around the forums and it can cost you cash for time wasted by not working.
Thank you and all the best

quote Agree stick with we do daily and understand what work for us. Not going to post any more about those forums. Guess it's not right to try press everything I do on different people. Also you can waste as much time on the forums and it may cost you cash for the time. Thanks and all the best

Yes, after a while all us possess our private strategy, and it's quite difficult to explain why we do things one way or another, and because people dont understand how our trading is day after day often times we (me) cant transmit what we actually mean.
But my original comments were addressed to newbies and folks who still isn't decided about what path to chose and in my opinion you only could trade without SL if you are an experienced and profitable trader. . .and even there's a risk, you understand occur events that are unexpected and specially in the event that you trade intraday your pips are depended. . .If you are medium or long term trader it is more understandable once in a while tragedies happen. . .and I dont want to be a part of this tragedy list.
By the way, I write here with the only purpose to help, eventhough I reconignize it's very, very hard to transmit the thoughts, and often times we enter in non sense arguments. . .but if one newbie can find out something that I write, which pay off to me. So that I don ´ t eliminate anything, but I just write in my spare time.
When I just started on forums, I basically learned what NOT TO DO, therefore this is the reason why I sometimes say dont do this or do that, because teaching my strategy isn't any possible in a forum, it's simpler to demonstrate the dangerous areas.
Good luck and the best for you too.

Hello, every one! 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.

Stop losses are a must but most traders do not use them correctly (myself included for quite a very long time). Once I start my own thread, I'll go deeper into detail.

Hello! (sorry my english btw)

Im new at the forum, and this is the perfect thread to create my very first post, I have been trading for now 3 years (two years because profitable) and I commerce with a line chart strategy without stop loss.
Yes, its very possible, but trade according to 30min and when after two hours the commerce dont get to the goal (20-40 pips) I shut the trade regardless of what, if I could begin my own thread I will explain entirely my method and you will undertsand better, but its possible.

quote stop losses are a must but most traders don't use them correctly (myself included for quite a very long time). I will go more soon when I start my own thread.

You're right, stop losses can be very useful, but if they're implemented incorrectly, they act as a deterrent and not an aid. By way of example, stop loss that's placed too close can end up closing your position as the transfer you're waiting for begins.

quote You are correct, stop losses can be quite beneficial, but when they are employed incorrectly, they become a hindrance and not an aid. By way of example, stop loss that's placed too close can just end up closing your position as the move you are waiting for begins.

Exactly brother, I'll create a thread shortly titled the proven stop loss and should be beneficial for you. I will be more than happy to assist you, if you need clarification reach out to me.

Trading using Sl when trading profitable for traders because of the SL, the risk in forex trading is very high, for that we need to be able to minimize the risks properly so that it will benefit us

Hi!

This is my very first article also here. Without a SL usually means that the risk isn't calculated. It might not be risky if the trading account is filled by only a portion of the whole amount. The broker's stop limit is the stop loss, And in the event the account is wiped off, it may be refilled. Suppose you have 100.000$ and you want to risk 1%, you merely have to start a trading account with 1000$ rather than bother about SL.

Maybe this is too straightforward and I missed something, but that appears to be a nice approach to handle risk because the residual 99.000$ are still at your bank.