Real Fx traders do not use stoploss | Page 33 | Forex Factory

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Real Fx traders do not use stoploss

  • #641
  • Jun 8, 2018 4:38am Jun 8, 2018 4:38am
Quoting mlawson71
Any trader who makes a profit regularly is a real trader. Some do it using stop loss, others do it without it, sweeping generalizations cannot cover them all, I think.
Who actually real trader it’s difficult to answer, profitable trader or others, everyone has to ensure stop loss technique for avoiding unfortunate losses and risk particularly when trade with a large amount.
  • #642
  • Jun 9, 2018 9:48am Jun 9, 2018 9:48am
Quoting AdamCrist
{quote} Who actually real trader it’s difficult to answer, profitable trader or others, everyone has to ensure stop loss technique for avoiding unfortunate losses and risk particularly when trade with a large amount.
As I said, some people do it without stop loss, so it doesn't apply to everyone.
  • #643
  • Jun 16, 2018 1:24am Jun 16, 2018 1:24am
some trader cut their loses manually if price against them rather than place stop loss in specific number
  • #644
  • Apr 6, 2019 7:57am Apr 6, 2019 7:57am
actually manually cutting lose is a great skill , to be experienced about this is a long time approach needed , so depending on stop loss only the way for general traders.
  • #645
  • Apr 6, 2019 11:24am Apr 6, 2019 11:24am
True. I, personally, prefer using stop loss. Sometimes the market develops too fast to react manually.
  • #646
  • Apr 8, 2019 4:09am Apr 8, 2019 4:09am
It is upon you as a trader to decide where to place your stop loss, considering how much risk you want to take. The rule of the thumb is that you must never risk more than you can not afford to lose. Trading without a stop lose is very suicidal and it can make you lose a lot
  • #647
  • Apr 8, 2019 7:37am Apr 8, 2019 7:37am
In my early days of trading I lost a lot from not using stop loss also I lost while loosing it. If you are long create stop limit order to short if the price goes lower and vise versa. That is in my opinion better than using stop losses.
  • #648
  • Apr 8, 2019 8:13am Apr 8, 2019 8:13am
I think what really determines your need for a stop loss as you trade is your trading style. Scalping, intraday trading and long term trading all tend to have major differences in terms of spread and how much you can make in a given trade. You can use stop loss or fail to use, but be sure before deciding
  • #649
  • Apr 8, 2019 12:19pm Apr 8, 2019 12:19pm
Quoting mlawson71
True. I, personally, prefer using stop loss. Sometimes the market develops too fast to react manually.
exactly , market moves according to its own style , but sometimes we traders fall a great trouble when it doesn't follow at any trend , in that time only stop loss can reduce the losing percentage.
  • #650
  • Apr 8, 2019 4:38pm Apr 8, 2019 4:38pm
Quoting Blackship
hi guys, I've heard that pro fx traders who do not use stop losses and this had contributed much controvesy. Anyone who approve or disapprove please comment
Jerry Parker , one of the successful turtle traders trades fx, and he uses stops.
  • #651
  • Apr 8, 2019 11:42pm Apr 8, 2019 11:42pm
Don't use a stop "loss".
A stop "win" is much better.
  • #652
  • Apr 24, 2019 9:38pm Apr 24, 2019 9:38pm
Quoting the redlion
{quote} custos, i always thought of you as quant trader, very smart and our views are sometimes similar. so i do want you to open your mind to somethings that might be beneficial to you. there are many types of styles of trading. for example, most traders, look at their charts, news, so forth, what have you. what ever you method is to help you decide direction of the currency. then you place an order, you put a stop loss at a reasonable level hopefully away from volatility and if you are right. you take profit if you are wrong you dont lose to much...
Redlion, This is brilliant! You use your winning margin as collateral to add to position size. Thank you!
  • #653
  • Apr 25, 2019 3:10am Apr 25, 2019 3:10am
Quoting Jmexpat
Don't use a stop "loss". A stop "win" is much better.
What is stop win? Again, I think trading without stop loss is not a good choice; since we can’t rely on one or two trades.
  • #654
  • Apr 30, 2019 9:21pm Apr 30, 2019 9:21pm
Every trader is having his own strategy so it depends that how they use Stop loss or Not Use it. Because they know how to profit from trade.
  • #655
  • May 1, 2019 1:03am May 1, 2019 1:03am
Stop loss is a major technique to reduce unfortunate risk and losses but it is more appropriate to know how to use this trading technique exactly , most of time we use SL at random with no analysis , as a result it not works completely. need to practice a long time in demo to use Stop loss accurately.
  • #656
  • May 6, 2019 12:15am May 6, 2019 12:15am
Quoting MarkFxAnde
Stop loss is a major technique to reduce unfortunate risk and losses but it is more appropriate to know how to use this trading technique exactly , most of time we use SL at random with no analysis , as a result it not works completely. need to practice a long time in demo to use Stop loss accurately.
Agree.. I didn’t use SL one time because price fluctuation so big, and I loss 80% of my equity because I missed the timing..
  • #657
  • May 7, 2019 3:25am May 7, 2019 3:25am
i rarely use a stop.
  • #658
  • May 9, 2019 8:58pm May 9, 2019 8:58pm
Hi,
A related question, but not about stops, per se.

Say I buy at 100, and it goes down to 95, then I close at 101 for a profit.
Or... I sell at 100 and it rises to 106 before it drops for a profit.
What is it called when the trade goes against you but you did not close it? Is there a name for this metric, long and short?
In other words both trades look good, but maybe not really. Maybe the long trade dropped to 70 before it went into the black. There has to be a name for these numbers, I hope.

Thank you.
Index Planets
  • #659
  • May 9, 2019 11:37pm May 9, 2019 11:37pm
Quoting IndexPlanets
Hi, A related question, but not about stops, per se. Say I buy at 100, and it goes down to 95, then I close at 101 for a profit. Or... I sell at 100 and it rises to 106 before it drops for a profit. What is it called when the trade goes against you but you did not close it? Is there a name for this metric, long and short? In other words both trades look good, but maybe not really. Maybe the long trade dropped to 70 before it went into the black. There has to be a name for these numbers, I hope. Thank you.
Any open trade that's in the negative would be referred to as a 'floating loss'. If it's in the positive, then it would be a 'floating profit'. Once you close the trade, then it becomes a 'profit' or 'loss'.

Another way would be to refer to the open trade as an 'unrealized loss' or 'unrealized profit'.

I don't think there is any standard terminology for this, but most traders should be able to recognize what you mean if you use the floating or unrealized terms when dealing with open trades.
  • #660
  • May 10, 2019 4:03am May 10, 2019 4:03am
"Floating Loss" or "Floating Profit"

Thank you!
Index Planets
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