Which traders are trading without using any SL, they are going to kill their full trading equity! In order to my long time trading experience, there is no security in Forex; so no way without SL.
successful trader without stop loss? 93 replies
Stop Loss vs. Hidden Stop Loss 26 replies
Trading without a stop loss! 142 replies
Trading without stop loss? 20 replies
DislikedWhich traders are trading without using any SL, they are going to kill their full trading equity! In order to my long time trading experience, there is no security in Forex; so no way without SL.Ignored
DislikedWhich traders are trading without using any SL, they are going to kill their full trading equity! In order to my long time trading experience, there is no security in Forex; so no way without SL.Ignored
Disliked{quote} Some people do avoid using stop loss and they are still successful, but I confess that I prefer to use it for my own peace of mind. I don't feel secure when I don't.Ignored
Disliked{quote} the question: does it make you successful overall? if yes, then it is a good choice. if not, are you ready to try something different vs. something that said to be working, but not?Ignored
DislikedThe stop loss feature is there for a reason. Unless yours risk % and lot size is very small, it might be possible to trade without stop loss. But without stop loss, all you need is a huge impact news if you're trading with a high risk % to blow away your account.Ignored
DislikedIt depends on time frame. Do not trde without SL on small, but as swing trader it is not necessary. Instead, open lots of but smaller positions, one bad position will not harm your account and wait for until ut floates to profit. Make sure you are on the good side of swap.Ignored
Disliked{quote} I disagree. It depends on how much leverage you are using. If you are swing trading more concentrated positions, you are asking for trouble by not using a stop.Ignored
DislikedI think it down to how you trade. Some people (like me) prefer to use stop losses. I would rather lose a 100 pips than keep a trade going against me and end up blowing my account. Like most things in trading there is no right or wrong answer. What works for one person probably wont work for someone else. In the same way 2 people doing exactly the same trading strategy will get different results.Ignored
Disliked{quote} Well its been a while I am trading without SL successfully. Placing only the smallest lot sizes for my acc. building a grid starting at a good positioned moment and taking out positions once they move into profit. It has some hard moments but the better you position yourself the more you gain. This is never the case using a SL. I am more happier without. If I have calculated that my account can hold 1000 pips against me I am good to go.Ignored
DislikedThe successful traders do apply SL just to ensure that when the odds went against them they still have the chance to cutt their losses.Ignored