Trading without stop-losses

Never used a sl (or a tp) in my whole trading career (I attend my trades from beginning to end). Under normal market conditions I need not consider a sl (if there is an unexpected event and a trade therefore goes against me, I will exit of course). However, I would not recommend a no-sl-style for traders who have not (yet) discovered the ''holy grail''.

Even if you always attend trades, aren't you concerned about random and rapidly developing whipsaws?

i also dont use stops,,,

so for me my the size i trade for my account is small and i build in to a position,,, so even a 200 point move against me is not going to hurt me.

the only time i will use a stop is for risk on positions over night,,..

But again just my style of trading

Well it depends more on a trader and his trading style. But i do use stop loss whenever i feel the necessity.

For me, stop loss is very useful for new traders who want to restrict their losses into a limit.

Applying SL and TP in trading comes down to the kind of trader and the strategy being used. SL and TP levels in my opinion are normally applied by retail traders most professional money managers who hold trades for months dont really use them,worse case scenario if they need to protect capital they just hedge trades

after a long time i post in this topic ,
really i always enjoy this topic , by the way , thanks for your nice post , got so many fine lines.

I don't like the idea of not using stoploss but I admire the courage of those who trade without using it. It's simply something I cannot/will not do. I feel that even seasoned traders who do not use it should not advise new traders against its use.

It seems very important to me, stop loss does not allow floating to win!

Trading without stop-losses is like a suicide. Trading has potential risk. Trader need to prepare for any unexpected scenario.

Of course, you can trade without stop-loss; it is not a problem, especially for experienced traders. But at the same time, stop loss very often saves you from unnecessary losses. Stop loss is designed to protect positions from losses above the calculated one only in a quiet market. Stop-loss is also necessary when large trading volumes are opened, and a small market movement can cause significant damage to your deposit. In the case of a turbulent market, stop-losses will not help. But there are several problems that you will face if you don't use a stop-loss. The threat for you will be protracted movements without correction, the same protracted narrow and wide flutes with frequent change of signals to change the direction of work. Also, strong and sharp movements against the current global trend are a fairly urgent threat in our unstable times. It is quite difficult to limit your losses manually, and many traders who tried to trade without stop-loss still recognized its usefulness over time and returned to its use. So you can try to trade without stop loss, but mostly to gain experience.

Trading without stop loss is very risky. It can completely blow out the account.

Stop Loss should be used to maintain the risk of every trader. I didn't use Stop Loss when I was a new trader and as a result I lost a lot of deposits. So every trader should use stop loss.

Trading without stop loss is very risky. It can completely blow out the account.