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Do you use stoploss?

  • #301
  • Sep 20, 2017 7:27am Sep 20, 2017 7:27am
Quoting a12312
{quote} Thats odd. my mt4 software shows it as " Margin %" not just margin
Sorry, I think you better ask your broker for clarification then ...
Market is not random but unpredictable
  • #302
  • Sep 22, 2017 8:25pm Sep 22, 2017 8:25pm
Not anymore!
  • #303
  • Sep 25, 2017 1:23pm Sep 25, 2017 1:23pm
Stop loss is actually a kind of realization of loss on the position. This lowers Your whole balance instead of increasing it. I see this as a double loss. You have taken a risk over some time to gain some money to your balance;

1. You are not paid for your risk,
2. You are (kind of) punished for taking a risk on yourself,

Market often before larger move is "expanding the range". Let's say that the price will go up a 10x pips. Often before that it will go along such path(an example):

- x >> +x >> -4x >> +1x >> +5x >> +1x >> +6x >> +3x >> +9x >> +4x >> +10x

For such a move it is very hard to put stop loss anywhere, because you neither know before for sure what is a direction of the move, neither you know what is maximum negative "preliminary move" before the right one.
You also probaly don't want to put too big stopp loss, because such a SL can destroy a lot of smaller TP gains, and that is really demotivating thing for a trader.

So for my type of trading - I don't use SLs. However I can afford it as I use quite small leverage (1 - max 20). If somebody uses high leverage - yes SL can be really reasonable!

Cheers!
  • #304
  • Jan 2, 2018 11:38am Jan 2, 2018 11:38am
Quoting Impeccable
using stoploss is very important because no matter how safe you trade you should always have a stop loss which can help you to decide on your MM.
You are absolute right! Trading without stop loss means, trading with unlimited risk ratio; that can damage our trading equity at anytime! Yes, I never open any trade without placing my Sl.
  • #305
  • Jan 2, 2018 12:48pm Jan 2, 2018 12:48pm
1. I don't use SL
2. My leverage is low. I close the operations when there are conditions to close, not because the price has reached the SL area even if it is only a second.

all my strategies, without exception, improved markedly when I stopped using SL
  • #306
  • Jan 2, 2018 9:53pm Jan 2, 2018 9:53pm
I use an entry stop loss, then trail the stop until triggered.
  • #307
  • Jan 3, 2018 9:19am Jan 3, 2018 9:19am
Quoting ipsofausto
1. I don't use SL 2. My leverage is low. I close the operations when there are conditions to close, not because the price has reached the SL area even if it is only a second. all my strategies, without exception, improved markedly when I stopped using SL
I, personally, use stop loss and I generally recommend using stop loss in case one loses server connection, but in the end of the day what is important is to be profitable. If something works for you then it works for you.
  • #308
  • Jan 10, 2018 2:38am Jan 10, 2018 2:38am
Stop loss is one such strategy used by traders to reduce the quantum of loss.
  • #309
  • Jan 10, 2018 9:42am Jan 10, 2018 9:42am
Quoting Butterscotch
Stop loss is one such strategy used by traders to reduce the quantum of loss.
Stoploss is a tool, it is hardly a strategy in on its own, in my opinion. The strategy comes into play when you figure out how and when to implement it.
  • #310
  • Jan 15, 2018 2:23am Jan 15, 2018 2:23am
The use of stop loss is very important for risk management in forex trading.
  • #311
  • Jan 15, 2018 3:22am Jan 15, 2018 3:22am
Personally, my rule of thumb is not to risk more than 3% per trade per pair.
So that will be my stop losses; 10k capital with a 0.1 lot, my stop loss at max would be 300 pips.

Either way to me, if the swing is too much, my trade might have been a wrong call.
  • #312
  • Jan 15, 2018 4:16am Jan 15, 2018 4:16am
Quoting mlawson71
{quote} I, personally, use stop loss and I generally recommend using stop loss in case one loses server connection, but in the end of the day what is important is to be profitable. If something works for you then it works for you.
Yes, without stop-loss trading tool; the way is too sticky! But, it’s true initially a number of new traders don’t understand the usefulness of the SL tool! Definitely, they will do, after crashing few accounts!
  • #313
  • Jan 15, 2018 9:57am Jan 15, 2018 9:57am
Quoting Majeeda
{quote} Yes, without stop-loss trading tool; the way is too sticky! But, it’s true initially a number of new traders don’t understand the usefulness of the SL tool! Definitely, they will do, after crashing few accounts!
I think that people do understand how useful this tool can be, it's just that they don't know how to use it properly so as to make it work.
  • #314
  • Jan 16, 2018 2:03pm Jan 16, 2018 2:03pm
Stop loss must always be used, it shows you have a strong character. If you can't abide to the rules then trading is not for you, there are other ways to make money in this world.
  • #315
  • Jan 17, 2018 8:30am Jan 17, 2018 8:30am
Quoting longpips
Stop loss must always be used, it shows you have a strong character. If you can't abide to the rules then trading is not for you, there are other ways to make money in this world.
I really appreciate your opinion! Yes, there is no way without stop loss trading tool; I have never seen any successful trader without the SL tool.
  • #316
  • Jan 17, 2018 10:08am Jan 17, 2018 10:08am
Some people in this thread have mentioned they don't use stop loss. I, personally, think it's necessary, but in the end the important thing is to have a good, profitable strategy, with or without the stop loss.
  • #317
  • Jan 21, 2018 9:35am Jan 21, 2018 9:35am
1. Do you use stoploss or not?
Yes

2. Why do you use stoploss and why you don't?
Its a must, stoploss is like putting on a seat belt while you are driving, it helps to validate if your trade is wrong

3. How many pips do you use your stoploss?
when i trade 5min timeframe, 3ATR
when i trade daily timeframe, 2ATR
  • #318
  • Feb 19, 2018 9:35am Feb 19, 2018 9:35am
Yes I use stop loss. I am a long term trader. I usually hold my trade from 4 days to few weeks. I get very few entries as I trade on D1. Very rear I see charts below D1. I like set and forget. I set my stop loss and take profit. Stop loss is the demand of strategy and style. I think it solely depends on your trading strategy. Whether you use stop loss or not, that doesn't matter but you have to manage your risk in any way.
  • #319
  • Feb 28, 2018 9:55am Feb 28, 2018 9:55am
Quoting JonathanHob
Yes I use stop loss. I am a long term trader. I usually hold my trade from 4 days to few weeks. I get very few entries as I trade on D1. Very rear I see charts below D1. I like set and forget. I set my stop loss and take profit. Stop loss is the demand of strategy and style. I think it solely depends on your trading strategy. Whether you use stop loss or not, that doesn't matter but you have to manage your risk in any way.
Nice to know your stop loss habit! By the way, are you make dealing with the fixed stop loss, or various SL’s according to the chart context?
  • #320
  • Mar 2, 2018 8:38am Mar 2, 2018 8:38am
Quoting DarrenLehma
{quote} Nice to know your stop loss habit! By the way, are you make dealing with the fixed stop loss, or various SL’s according to the chart context?
Thanks for your question. No I do not use any fixed stop loss. It depends on the charts. As I trade on D1 my minimum stop loss is 50 pips. There is no maximum limit. But I do maintain risk reward ratio. My risk reward ratio is 1:2. If stop loss is 50 pips, take profit would be minimum 100 pips.
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