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Trading with no stop loss

  • #41
  • Edited Apr 1, 2020 6:15am Mar 31, 2020 11:49am | Edited Apr 1, 2020 6:15am
I think it's really hard to lose with no sl. the compounding power is amazing.. and as long as you start very small and withdraw profits, everything should be ok. tested on my own skin lol

now the ESMA increased the stop out level to 50% and I'm really pissed off by that.. wasn't the leverage restriction enough ?
  • #42
  • Mar 31, 2020 12:30pm Mar 31, 2020 12:30pm
A bit like driving a sports car with No Brakes.

Plenty of Thrills & hope your seat belt (Luck) saves you.
It never gets easier, you just get better
  • #43
  • Mar 31, 2020 12:41pm Mar 31, 2020 12:41pm
Profitable traders I know, trade without SL..

Why would you get in a trade to lose money at a fixed price?

If it goes against you, then manage it.. Its about % you risk per pip..

Now I am not saying you can't be profitable with SL... It just doesn't work for me.
  • #44
  • Mar 31, 2020 12:52pm Mar 31, 2020 12:52pm
Quoting GMD
Profitable traders I know, trade without SL.. Why would you get in a trade to lose money at a fixed price?

I got slipped 10 pips on average using relatively tight stops... you just can't be profitable like that.. maybe with a >100 pips sl , IDK.
  • #45
  • Edited 1:23pm Mar 31, 2020 1:08pm | Edited 1:23pm
btw I don't care what you say

in this acocunt I used STOP LOSSES for almost a year and a half...

http://fxblue.com/users/hhhhhhh

oh the last trade was with no sl.
  • #46
  • Mar 31, 2020 1:22pm Mar 31, 2020 1:22pm
you just need a very small edge to win... compound interest will do the rest



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  • #47
  • Mar 31, 2020 2:52pm Mar 31, 2020 2:52pm
sorry,one last thing.. I'm not blaming the broker for getting slipped, tI'm sure their quotes are from the INTERBANK, even though they're MMs.I tested several brokers and they have pretty much the same data feed.
  • #48
  • Mar 31, 2020 4:36pm Mar 31, 2020 4:36pm
This topic looks interesting.

Anyway I must join the people who say that a stop must be used. If you are able to make money without stops good for you, but I don't think we should "promote" this.

Not using stop is a really serious risk exposure and in my opinion as traders we should focus on minimizing our risk.

From all I've heard not using stop only bring to blowing account... But I can't know everything so I'm always happy to learn now things, I will keep watching this thread for sure.

Have a good day
There is no try
  • #49
  • Mar 31, 2020 5:53pm Mar 31, 2020 5:53pm
Quoting HeyYou
you just need a very small edge to win... compound interest will do the rest {image}
Yeah definitely, compound interest is always the key..

I just don't find any reason to use SL.. I see people trying to find an exact pip entry and exact pip TP - SL strategy.. As if foreign currencies fluctuations depends on patterns.

So many different reasons why price goes up or down. How many times have you entered a trade, instantly hit SL and then price goes where you wanted it to go?
  • #50
  • Mar 31, 2020 6:53pm Mar 31, 2020 6:53pm
No Stops trading works, if…


1) Not trading 4hr TF and plus
2) Not Correlated all in one direction
3) Not over leveraged
4) Not having an Exit plan
5) Not having a high winning percentage
6) Not banking wins constantly enough.
7) Not banking extended wins... to offset occasional large losses
8) Not watching your portfolios health at all time.
9) … And last but not least, if you know WTF you’re doing.

I trade without stops for years now, but anytime I don’t do the above at a high level I can get hurt severely and when I do execute them at high level I do extremely well, point blank.

Just my humble take.



Trade well.
Nobody ever made a dime by panicking. Jim C
  • #51
  • Apr 1, 2020 4:32am Apr 1, 2020 4:32am
Quoting GMD
{quote} Yeah definitely, compound interest is always the key.. I just don't find any reason to use SL.. I see people trying to find an exact pip entry and exact pip TP - SL strategy.. As if foreign currencies fluctuations depends on patterns. So many different reasons why price goes up or down. How many times have you entered a trade, instantly hit SL and then price goes where you wanted it to go?

yeah mate. if you really want to use stop losses and risk only 1% of your capital / trade or whatever, use a wide sl..
  • #52
  • Apr 1, 2020 5:56am Apr 1, 2020 5:56am
I had a try in trading without using stop loss. It was fine, I can see it causing emotions and panics for people. In the end, I think I prefer to use stop loss as much as I can to keep my trading in zone.
  • #53
  • Apr 1, 2020 7:02am Apr 1, 2020 7:02am
end of month and banked 80% of profit, on with April, if i double April then I will double risk May, i can't lose.
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  • #54
  • Apr 1, 2020 10:34am Apr 1, 2020 10:34am
Quoting Shabs19
A bit like driving a sports car with No Brakes. Plenty of Thrills & hope your seat belt (Luck) saves you.
This would be true if with a sharp change in the road, the car didn't brake where you applied the brake, but brake where the road is go normal.
I'm not for trading without stop loss, but not against it.
Let's don't forget that stop loss is a market order and that it will not be processed at the set price on any sharp news.
It's need to set a stop loss if you aren't ready to sit and monitor the market. IMHO
  • #55
  • Apr 1, 2020 10:22pm Apr 1, 2020 10:22pm
Quoting Peter4
{quote} This would be true if with a sharp change in the road, the car didn't brake where you applied the brake, but brake where the road is go normal.IMHO
his analogy is incorrect: a stop loss is like the ignition on a car; brakes are hedges and leverage+lot sizing is the accelerator.
grist for the mill
  • #56
  • Edited 9:09am Apr 3, 2020 2:56am | Edited 9:09am
i've closed all live open trades (even on minors) because not sure what will happen tonight and with no SL there's no point staying open.
grist for the mill
  • #57
  • Apr 9, 2020 1:25am Apr 9, 2020 1:25am
where did all the vol go? lol

easter so yeah yeah pretty slow week by my impression but April is progressing quite reasonably.

US unemployment again tonight so I closed all except one trade on a minor, going to let it ride over the break if i can't get out at profit tonight, who knows - maybe we will get a shift when a second number hits Mr Markets head ..
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  • #58
  • Apr 9, 2020 11:25am Apr 9, 2020 11:25am
not used for all strategies sl.
i don't use sl.
I will not build a fence around me.
  • #59
  • Apr 9, 2020 9:55pm Apr 9, 2020 9:55pm
so at each doubling i'm removing 40% until the next doubling.

once doubled four times i will remove 20% for two doublings.

from then on i will double the risk and remove nothing.

might be getting way ahead of myself as this has crash and burned on me before, but with the initial deposit already recovered then who cares.

Quoting tiborf71
not used for all strategies sl. i don't use sl. I will not build a fence around me.
preach it brother! #fxgains
grist for the mill
  • #60
  • Apr 9, 2020 10:28pm Apr 9, 2020 10:28pm
good thread mate
i find on different threads brokers who come on them at times to push there tea money=stoploss , if you look at the books written by brokers they tell you to use a stoploss , most people should do this >>>>write down the times you get stopped out and how much it cost you and after stoploss hit did it reverse and make money if you kept it , its easy go do it . might get you motivated to do a different plan
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