I sometimes prefer not setting a stop loss because the price could always go in the reverse direction and if it hits stop loss, I make a loss where I could have made a profit stop loss wasn't set.
If I could explain clearly, how do you see this scenario? What are the disadvantages of not setting a stop loss hoping it will turn around to my favor?
If I could explain clearly, how do you see this scenario? What are the disadvantages of not setting a stop loss hoping it will turn around to my favor?