thread: Trading without stop-losses

Trading with no stop-loss is similar to committing suicide

That is true when you are speaking about open a situation and let it run forever untill it provides profit, someday it will not comeback and yes, then you are dead, otherwise you are wrong, FOR ME the mental stop loss is a lot better than Fixed Stop-Loss.

Should you open a commerce and dont put a SL, you should be completely concentrated, to be able to close your position when price tells you that you are wrong, you need to be able to control your emotions very well.

Should you dont put a SL and go to dinner in the restaurant, then yes, it's suicide.

quote Among the problem with traders is that they get a notion in their mind and they cant believe it could be any other way. I place my transactions daily at FF factory. Listed below are my results within the previous 10 months. You do not need to use SL to be successful. You do need to have a plan however, I didn't become a successful trader before I threw out all these rules you were suppose to exchange by. I dont use SL and I dont follow the trend. This is my success story. I place my transactions daily until I shoot them so everyone can see. I haven't committed suicide...

I truly agree with you, in case you would like to be sucessfull that you have to be open minded, you have to do things in your own way, and do the exact same, I dont put a stop loss and I dont follow the trend and also im profitable for over a year, I hate when people believe that they system is the best and nobody can't be sucessfull if they dont perform like them.

Basically stop loss help traders to safeguard capital to not get high reduce when they're open wrong places. However it hard to determine the ideal stop loss amount. It makes many traders to don't set stop loss and decide to utilize manual reduction loss. If traders have enough time to monitoring transactions, no problem if they're behavior manual reduction loss. But if traders don't have any time to monitoring transactions, better if use and set stop loss tool.

Trading with placing SL is quite important since the SL then we are going to have the ability to minimize the risks of Currency Market correctly,

hence we should always utilize SL when trading. I prefer to place SL 5 percent of their capital when trading to place stop loss. So that the losses incurred are not getting larger.

Trading with putting SL is quite important because the SL then we will be able to minimize the risks of forex properly, therefore we ought to always utilize SL when trading. To place stop loss when trading, I prefer to place SL 5% of the capital. So the losses incurred are not getting larger.

Question - do some of you have the urge to move your stop loss when you see the price approaching it?

Question - do some of you have the desire to move your stop loss when you find the price approaching it?

Others may can tell u, but me.... I know, I don't use sl hehehe

Query - do any of you have the urge to move your stop loss when you find the price approaching it?

I'd say that this is what 90 percent of individuals do and that is why their loses are far bigger than winnings. That was also my point in one of those threads from earlier, individuals lose their cash on waiting for price to reunite in their own favor, however they wind up loosing even more cash due to inadequate risk management.

quote I dont use stop loss becouse sl will eat me piece by piece

I question the way you risk reward can be handled when you S/L is not being enforced?

Whenever I enter a trade I put my stop loss and take profit at the same time and never risk more than 2% of capital. Trading without a stop loss seems much more like gambling than trading