I understand that this is a controversial topic but I fully stand to my word and after working with hundreds and thousands of traders, the losing traders have one thing in common: they don’t use stops. Of course, there is often more that separates the profitable from the unprofitable traders, but stops are a big thing. Here are the main reasons why trading profitably without a stop loss is impossible: If a trader doesn’t use a stop loss, then he has no money management in his trading. The stop loss distance is used to calculate how many contracts you have to buy or sell in order to achieve a certain position size. ... (full story)