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Trading with no stop loss

  • #61
  • Apr 10, 2020 2:21am Apr 10, 2020 2:21am
Some traders start trading on demo. They usually win that's why they move forward and open a real account. Then they start to lose. Ask yourself why is that!
The reason is: on demo they play with laaaaarge SL or even without SL.
  • #62
  • Apr 10, 2020 12:20pm Apr 10, 2020 12:20pm
Trading without stop loss is very dangerous
  • #63
  • Edited Apr 11, 2020 9:19am Apr 10, 2020 2:54pm | Edited Apr 11, 2020 9:19am
Quoting MBForex
Trading without stop loss is very dangerous
trading with SL is very dangerous.. you are limiting your trade into a fixed price for losing money. I have been tought this.. and quickly realized it was right.
  • #64
  • Apr 11, 2020 7:57am Apr 11, 2020 7:57am
You only need to know what you are doing, there is an answer for stop loss
  • #65
  • Edited 1:19am Apr 12, 2020 1:02am | Edited 1:19am
Quoting catmes
You only need to know what you are doing, there is an answer for stop loss
well yes, if you don't know what you are doing then that is what a stop-loss is for, sure.

caveat/rant: the risk/reward account i am showing here is the real-world equivalent of driving 2000 km's based on a gold hunting tip from some stranger in a pub.. ie, not everyone would/sould do it, so lets not forget that, but that does not mean it is the only way to trade without a sl.

learning to trade without a stop-loss can be eye opening, especially when it is with real or fake money and that is the point of the thread.. so as i probably said before, take a trade, any trade, and try to make money out of it - if you blow the account then obviously you were too greedy; incorrect lot/leverage or something of this nature._. and if you decide to get out of it for a loss then that is the nature of things!

eg. if you are 'trading' physical FX on the street and someone comes along and wants to sell you 50k of USD then do you say 'Yes sure, but first let me get my stop loss set, what would they think.. (??) 99>>
grist for the mill
  • #66
  • Edited 10:59pm May 14, 2020 7:10pm | Edited 10:59pm
no stop loss account took a hit April but bounced back so far

not sure i can stomach another attempt at 100% this month but you never know what you might get!


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grist for the mill
  • #67
  • May 14, 2020 8:37pm May 14, 2020 8:37pm
You always have a stop: your account balance. Trading without a stop works only if one has unlimited capital.

Account balance / profit on trade = Risk to reward ratio.
When you see it, BET big.
  • #68
  • May 14, 2020 8:50pm May 14, 2020 8:50pm
Quoting Rennaissance
You always have a stop: your account balance. Trading without a stop works only if one has unlimited capital. Account balance / profit on trade = Risk to reward ratio.
true! or roi. but it's more about the method.
grist for the mill
  • #69
  • May 14, 2020 11:07pm May 14, 2020 11:07pm
Would like to see how trading without stop losses has helped OP with his success in trading!
I cannot imagine going in blind and hoping that prices don't go against me.
If it means having 2 opposing orders to balance out the net gain / loss, then maybe. But is that an attractive way to trade? I'm not sure.
  • #70
  • Edited May 15, 2020 1:41am May 14, 2020 11:50pm | Edited May 15, 2020 1:41am
Quoting PointToPoint
Would like to see how trading without stop losses has helped OP with his success in trading! I cannot imagine going in blind and hoping that prices don't go against me. If it means having 2 opposing orders to balance out the net gain / loss, then maybe. But is that an attractive way to trade? I'm not sure.
hello NEW person

ITS NOT ATTRACTIVE BECAUSE IT HAS NO GLORY - its opportunistic.

theory ( results are above ) :


green magnet zones a 3-5 pip big risk buy and sell scalps because price should have 'resistance' there, you only need a 20 pip magnet to play in. You can either jump in early but personally I want to see the price action first at the green zone; if it's thic then i should be able to risk-on scalp both sides and cover at the edges, if you're wrong then you have to bail and take the loss - (without using a SL of course, it can only be done manually based on your market-sense because price spikes are designed to take your SL and get themselves a better price!)- so the longer it ranges the better, and you do not look for 'strong' currencies, you want currencies that are 'weak' as a pair but with some decent volatility in them, but how to find these is up to you (ie, secret sauce), then/or majorly double down at the next brown zone... hope that helps? GL

these days i don't like to find myself iin the next brown-zone with DD over 30% , i hit 60-80% last month or so and that's no fun.
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grist for the mill
  • #71
  • May 15, 2020 9:47am May 15, 2020 9:47am
Without stop-loss you cut your profits early compared to the losses and produce many small profits with a small chance of getting a huge loss (maybe even 100% of your funds). In some short time, you are likely to show some end profit, but in a longer period of time, a stop-out due to insufficient margin is inevitable and the end result is negative.
  • #72
  • May 15, 2020 4:50pm May 15, 2020 4:50pm
Quoting Deepak.Dubey
Without stop-loss you cut your profits early compared to the losses and produce many small profits with a small chance of getting a huge loss (maybe even 100% of your funds). In some short time, you are likely to show some end profit, but in a longer period of time, a stop-out due to insufficient margin is inevitable and the end result is negative.

That's actually reverse psychology
1. Many traders are dreaming about one big win - Strategy is focused around one big loss
2. Trader are greedy for more so they cannot close their profits - Strategy is based on closing small profits
  • #73
  • May 15, 2020 6:55pm May 15, 2020 6:55pm
Quoting Deepak.Dubey
Without stop-loss you cut your profits early compared to the losses and produce many small profits with a small chance of getting a huge loss (maybe even 100% of your funds). In some short time, you are likely to show some end profit, but in a longer period of time, a stop-out due to insufficient margin is inevitable and the end result is negative.
Yes, but the FIRST goal is to get 100%, you then need to withdraw that 100% so that you have your starting equity back - now, go and buy some bonds with that - anything gained or lost from then on was never really yours in the first place, so what does it matter? this is certainly not a method to stake your moms life savings on, lets get that clear! this is gambling 101.
grist for the mill
  • #74
  • May 16, 2020 2:06am May 16, 2020 2:06am
Will never recommend not using stop loss ever.
  • #75
  • May 20, 2020 4:23am May 20, 2020 4:23am
squared off the account so it's flat as, busy as with other things and life this june and july so will trade it low risk now and then for an easy 20% mebe, will have to wait for another month when i can spend time managing it if i want to go full tilt again.. maybe september or august. we will see.
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grist for the mill
  • #76
  • May 20, 2020 11:46pm May 20, 2020 11:46pm
Biggest lose comes when you dont except your SL and keep moving it.
  • #77
  • May 22, 2020 3:05pm May 22, 2020 3:05pm
Damm that's crazy shit. The sun happens to be our biggest and closest star responsible for virtually all life on earth. Changes in its output are key in human activity. The Mayans knew it too.
  • #78
  • May 22, 2020 3:17pm May 22, 2020 3:17pm
Quoting NeilWagner
{quote} You are right! There no way without SL in general! But we traders need to the SL tool smartly!
Sl it's useful only for little account.

If u use low leverage & big account......SL it's the perfect broker trick to take money....... markets are cyclical the most important things are:
* having a big parachute (big account)
* are smart with hedge
* can wait if trade goes against you
  • #79
  • May 27, 2020 5:11pm May 27, 2020 5:11pm
account survived another month
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grist for the mill
  • #80
  • Oct 7, 2020 9:30am Oct 7, 2020 9:30am
Here is an eye opener....
Watch this prop trader without stop loss..live...
www.twitch.tv/am_trading
@allinazi
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