Dislikedjust another piece of trading without a stop loss - stay away from trains and their tracks, or, choose what you trade carefully...Ignored
I for one, had a fantastic f***in' day.
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Dislikedjust another piece of trading without a stop loss - stay away from trains and their tracks, or, choose what you trade carefully...Ignored
Disliked{quote} If ya can't do it right, don't do it. If ya wanna trade big positions with little money, don't do it. I for one, had a fantastic f***in' day.Ignored
Disliked{quote} Peoples' results today aren't because of "skill" or lack thereof. Today is totally good luck and bad luck...Ignored
Disliked{quote} if you're trading the right size and can monitor the broader market as a whole, you can be prepared for this "worse case scenario" whether you're using a stop loss or not.Ignored
DislikedI'm going through the forums and reading peoples' experiences regarding this huge price movement. Here's the thing, most of these folks had stop losses in play and guess what? Liquidity still bites them in the ass when they get triggered 200+ points later. Stop loss or no, anyone on the losing side of this movement is hurting. Also, I see people talking about their brokers freezing trading or closing up data feeds - I didn't experience that. Granted, there was a delay in closing off my positions but everything went through relatively smoothly considering...Ignored
DislikedGood-day All, I choose to stop trading with stoploss. I now trade without stoploss. What do you think about trading without stoploss? and if you are currently trading this way or you have traded this way before, kindly share your expirience.Ignored
Disliked{quote} I suspect anyone long EUR/CHF with a guaranteed stop loss would disagree. .Ignored
Disliked{quote} I suspect anyone long EUR/CHF with a guaranteed stop loss would disagree. Not saying I'm an expert because I wasn't trading any CHF pairs but if we stick our heads in the sand and don't learn from what happened (whether affected by it or not) then how do we grow? Risk management (not necessarily a stop loss) and considering the consequences of one's actions are as important as ever.Ignored
DislikedIG markets (Australia) offers guaranteed stop loss on forex and the cost is a +/-3 pip spread however ........and here is the small print worth reading "A Guaranteed stop Loss can only be established on trade entry, not during the course of a trade plus it must be set at least 5% away from entry. Yes it would have helped with the CHF debacle but unless you trade continuously with them (which does add up in increased spread commission) the chances of having one in place for that event would be very small. Given the T's and C's of the Guaranteed Stop...Ignored
DislikedI'd wager to say that they either (a) couldn't guarantee them or (b) suffered huge losses honoring them.Ignored
Disliked{quote} Agreed. IG Group racked up a $30 million loss, but given their Balance Sheet they are now on the acquisition trail looking to acquire the victims.Ignored
Quoting AlwaysWinnin;7942898[BDisliked]People who trade without a stop-loss have completely ignored the basic principle of risk management. You greatly increase your risk by not including a stop-loss. Good luck in the long run. You wont last at all.[/b]Ignored
DislikedTo my mind, no. Set the stop loss and see the pair go waaay past and then chew into your account and then past that and put you in the red. as has happened to so many just lately. (i didnt lose any $) wasnt trading thankfully. but to answer, i think no.Ignored