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Trading with no stop loss

  • #21
  • Jul 23, 2019 7:44am Jul 23, 2019 7:44am
LMAO no stop loss Come on
  • #22
  • Jul 23, 2019 9:08am Jul 23, 2019 9:08am
Quoting kuroro001
{quote} You can just don't use leverage, or cut manually
Maybe it’s your opinion! But I can’t hang on for a long time just for only a single trade!
  • #23
  • Jul 23, 2019 10:26am Jul 23, 2019 10:26am
No SL is suicide. Your ego will constantly convince you “it’ll turn around. Hold on”.
  • #24
  • Jul 23, 2019 8:00pm Jul 23, 2019 8:00pm
Quoting MoneyEyes
No SL is suicide. Your ego will constantly convince you “it’ll turn around. Hold on”.
Unless you have f*kin solid discipline, which usually is a BIG NO for beginning traders. They usually end up BUST and the cycle continues again. Just use a stop loss, is that simple.
  • #25
  • Jul 24, 2019 2:34am Jul 24, 2019 2:34am
personally I didn't lose with "no sl", over the years, even without rebates. I actually made money when I was a newbie.

I lost using stop losses because IMO it's much harder to stick to the plan.

so besides the usual "blak and white" views... here are the pros:

works well with low volatility (right now we have low volatility)
great compounding

and cons:
the edge is very small (at least mine is), hence the need for rebates.

???

P.s. I also use stop losses on my bigger account.
  • #26
  • Edited Aug 1, 2019 11:38am Jul 31, 2019 2:32pm | Edited Aug 1, 2019 11:38am
i would like to add that trading derivatives is an all or nothing bet no matter if you are a professional or how much you risk per trade.

I don't mean that it's gambling.. but that making predictions is harder with all the competition going on.

Eg. few years ago a simple breakout strategy was enough to make 500%/ year on average, using stop losses (with a high risk profile), but Today these markets don't move much even intraday. correct me if I'm wrong.

Therefore I think it's good to implement some kind of mean reversion strategy, like entering at pullbacks of the daily trend.
  • #27
  • Aug 28, 2019 3:05am Aug 28, 2019 3:05am
For times when I am able to draw a line between realistic decisions and emotions, stop loss becomes necessary for me. So yes, not all the time, but at times these are helpful.
  • #28
  • Mar 26, 2020 9:05am Mar 26, 2020 9:05am
no stop loss account , BOOM!

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loss in Feb was because i decided i was wrong, but luckily March is my lucky month.
grist for the mill
  • #29
  • Mar 27, 2020 3:02am Mar 27, 2020 3:02am
I usually prefer using SL, helps me manage my trades well.
  • #30
  • Mar 27, 2020 5:55am Mar 27, 2020 5:55am
Quoting Tim01
I usually prefer using SL, helps me manage my trades well.
I agree, i dont see any much harm. Saves you from big losses.
  • #31
  • Mar 27, 2020 4:41pm Mar 27, 2020 4:41pm
Quoting JackJones
no stop loss account , BOOM! {image} {image} loss in Feb was because i decided i was wrong, but luckily March is my lucky month.
Could you explain a little more what you do and how you do it? Thanks in advance.
  • #32
  • Mar 27, 2020 11:47pm Mar 27, 2020 11:47pm
I made 1400 pips this week.....no stop losses.

I started making money when I stopped using stops.

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  • #33
  • Mar 28, 2020 12:05am Mar 28, 2020 12:05am
I to do not use stop loss but not going into trade randomly expecting it to return. There is no point to use stop loss unless you do not know what you are doing.
  • #34
  • Edited 1:45am Mar 28, 2020 12:54am | Edited 1:45am
Quoting Laitus
{quote} Could you explain a little more what you do and how you do it? Thanks in advance.
is part of my MasterMIND course, email for details and.. haha, j/k

well this is anti-over-trading in that some folks trade just because they need to be in a trade. this method however is about finding a situation or event and WAITING possibly for a month or many weeks before you decide it's worth a bet - ie, high expectancy + low eventuality.

i'm being vague on purpose because how i go about things is not how others should, but more generally it's about a method or mindset.

you see people trade a certain way and perhaps it works but the problem comes when it doesn't, they are stuck and about to fail... i've said elsewhere that if people expect to trade one thing and one way and make money for 'a long time' then unless youre hooked in with the manipulators you're not going to last long. so.. experiment (preferably in demo).

maybe i'll elaborate further but the account i posted above is flat and money has moved out until i find the next pair.
grist for the mill
  • #35
  • Mar 28, 2020 4:44am Mar 28, 2020 4:44am
withdraw from time to time ok!
  • #36
  • Mar 28, 2020 5:01am Mar 28, 2020 5:01am
@JackJones So what is your "system"? What is your "business model"? So far I have seen just a few commonsensical statements. Please, do not make this into another "paradox system" thread, where there is no way of telling whether the OP knows something or not.... I do agree that stop loss is not necessarily a good thing. If you look at what has happened to EUR/NOK lately, then most "stop losers" are big losers. Those with deep pockets and nerves made some money, on the other hand.
  • #37
  • Mar 28, 2020 6:52am Mar 28, 2020 6:52am
Quoting staassis
@JackJones So what is your "system"? What is your "business model"? So far I have seen just a few commonsensical statements. Please, do not make this into another "paradox system" thread, where there is no way of telling whether the OP knows something or not.... I do agree that stop loss is not necessarily a good thing. If you look at what has happened to EUR/NOK lately, then most "stop losers" are big losers. Those with deep pockets and nerves made some money, on the other hand.
everyone wants a system but this is not that, like I say its a way of thinking, a way of being nibble in changing markets, this market right now has chances to make 100% but it will not always be this way..

so perhaps step 1 is to buy or sell any pair with no sl or tp, with no information/bias and then what the task is: is to get out of that 'position' with a profit. (how someone manages this depends on their personality, managing the risk/stress/fear and then to see what they did and to move on from there)

step 2 trade into a position with an aim of make 40% and then 100%

step 3 is to develop a financial model - trading for 100% has a large risk if time frame is short so first thing is to 'bank' half the double and then 2x the remaining profit, so on and so forth.
grist for the mill
  • #38
  • Mar 28, 2020 9:32am Mar 28, 2020 9:32am
trade without stop loss mean 2 things:
1- blow your account sooner or later.
2-or use so small size to take your trades so you can survive which is not effective way to manage your funds. if you take trade with sl using 1 size then you have to take trade with 0.01 if you don't set sl .

second:100% without sl not achievement at all ... i made before 15000% and 2000% and 1000%
Here is example:
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and all of that was with sl . so not blame sl on your losses.

at last ... your plan will not stay long .... worked fine before for almost 6 months when i was try same idea at your head before long years ago when i was still beginner and then account lost!! and return wasn't deserve even after 6 months because was so little.

i imagine the one who posted he made 1400pips what if all that trades was reverse against him and how many years he did that so he say he started win after stopped using sl..... Beginners talk
  • #39
  • Mar 29, 2020 7:51am Mar 29, 2020 7:51am
yes best to have cash reserves if you get your lot size and leverage wrong, plus don't forget it is relative to the pairs volatility and potential range.

potential range: think of the worst case scenario being if you buy or sell now you are doing so the absolute top or bottom, now look back at the pair and see what you would need to ride out in order to exit at a reasonable loss or profit and then trade knowing that potential.
grist for the mill
  • #40
  • Mar 29, 2020 10:57pm Mar 29, 2020 10:57pm
Quoting JsCave
trade without stop loss mean 2 things: 1- blow your account sooner or later. 2-or use so small size to take your trades so you can survive which is not effective way to manage your funds. if you take trade with sl using 1 size then you have to take trade with 0.01 if you don't set sl . second:100% without sl not achievement at all ... i made before 15000% and 2000% and 1000% Here is example: {image} {image} and all of that was with sl . so not blame sl on your losses. at last ... your plan will not stay long .... worked fine before for almost 6...
You are a moron. I'M NO BEGINNER.

I have been trading for over 4 years with no stop loss, 10 years total. Never blew an account with a stop loss or without.

I began making money as soon as I stopped using a Stop Loss.

The reason I started trading with no stop loss was because I was so often right in my trades, only to be stopped out and then have the trade go my way.

I trade 4 hour charts. All I do is check my charts every 4 hours. If i'm long, I close when I get a short signal. If i'm short, I close when I get a long signal. Hopefully, they hit my profit target.

From the ignorance of your post, seems that you are the Beginner.
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