thread: Trading without stop-losses

quote So, you never figured out how to lower your trade size to a manageable level? Did you not do anything to resolve the problem once the transaction (s) were going against you? Did you let the losses build till it had been dismissed? Heres a ridiculous analogy such as yours - Every time I drive down the street in the car hydroplanes a rainstorm and I crash. So dont drive a vehicle in the rain. EVER! Manage your speed. Watch whats happening and react to it. Learn to be secure in many different conditions

I had been in the let us see what happens a part of my trading, as a way of learning what not to do. I WAS with a platform (Plus500) which by default gave way too high trade sizes and too narrow S/L and T/P. I guess it's a way of suckers who put cash that is real down.

Forex is risky trading and business without stop loss can make it risky. Not using Stop Loss can make your account more risky and it can be washed out any time by you.

Forex is risky business and trading without loss can make it even more risky. Not using proper Stop Loss can make your account more risky and it can be washed out any moment by you.

With it need to optimize skll also trading skills to be like where do we minimize the risks nicely, and at the placement of the sl and tp can be done in a demo account beforehand in order to accurately and to further afield the skill and expertise.

Forex is risky business and trading with no loss can make it more risky. Not using Stop Loss can make your account more risky and you can wash it out any time.

On the other hand a poorly put stop loss may make it even riskier. This is a bit of a double-edged knife.

I create a scheduled appointment to trade without SL. It's week . Residue was 200 Eur now it is 337 eur drawdown is 57 eur I trade 0,50 microlots and TP is 88 pips, always with trend! Worst case is to shed 200 euro, so let's see how long it goes. It is live and you'll be able to observe it in my trade explorer

Great job Rudimente. Please keep us updated on your progress.

I've had nearly every trader insisting on trading with stop loss because I began this string. But you're currently showing a live trade without stop loss running profitably for the last 3 months. I want people to understand what you mean by always with leadership.

My experience is that if m5, h1, h4, D1, W1, and M1 are aligned to stage in the same direction using SMA-3, you haven't anything to worry about. At the beginning of a long position you want to keep selling off trades and buying in the same way till you enroll a favorable PnL before you go and see. Once you enroll to two digit PnL you make no adjustments for short-term market reversals in the event the SMA-3 is still point upward. The opposite goes for a brief position.

I can't trade without a Stop loss,
sometimes market moves more than we believe.
So we have to take good care.

I can't trade without a Stop reduction, occasionally market moves more than we think. So we have to take good care.

To be truthful I am less concerned about large movements - which is, apart from the volatility encompassing news events - than I am about losing my net connection. It can occur once and cause problems.

Let's say you like prostitutes (I personally wouldn't). Some are great places, some not so excellent. Can you have sex with any of them? No. Well, there you go. Use security.

Hahaha perfect significance Thumbs up!

The market consistently 100 percent of their time retraces. It's the fact I found accurate about Forex and you don't need unlimited wealth to trade it.

quote To be honest I am less concerned about large moves - that is, apart from the volatility surrounding news events - than I am about losing my internet connection. It cause problems and may occur once a year.

That and an extremely connected (pun intended) issue (I'll explain in a second) is why I use a SL. Saying that, I mean a real (crisis ) SL and not a few manually triggered I-cant-take-it-anymore SL.

The connected difficulty:
It's not only your Internet, the brokers server may be cut off also. With a SL put at a certain price you sourced out that problem to the broker. It's outside of your hands and became his difficulty - that's my favorite means of solving problems btw

BTW: If you are serious about trading get backup internet and an uninterruptible power source. I have got one of these http://www.3grouterstore.co.uk/3G/Te...4G-Router.html and a big APC UPS. The UPS provides my pc but additionally that teltonika modem and my ISPs DSL modem. UK based traders might also want to think about this alternative http://aa.net.uk/broadband-office1.html (two copper lines with failover and a spare modem).