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successful trader without stop loss?

  • #81
  • Dec 14, 2017 10:24am Dec 14, 2017 10:24am
Quoting mlawson71
{quote} The best thing I can come up with is either full manual trading or fully automated trading. But neither accounts for the loss of internet or server connection.
According to me, manual trading is much authentic! Because, it requires huge knowledge and experience on this financial market! Besides, if you are doing automatic trading with your personal system then I have no objection.
  • #82
  • Dec 26, 2017 2:05am Dec 26, 2017 2:05am
Quoting Monokl
In my opinion, trading without SL is like driving a car without brake system
And one can totally drive a car without brakes up the slope.
  • #83
  • Dec 26, 2017 2:32am Dec 26, 2017 2:32am
Another option for the exit rule is a duration stop. Say, you are trading situations where the market is expected to correct itself within 1-5 days. If the correction does not happen for a while (say 15 days), something else is going on and the future P&L gets closer and closer to random walk at best. So you close the trade.

If the movements in the asset price are mostly diffusive (volatility based) and not jumps, the duration stop is roughly equivalent to a liberal stop loss. But it does not kick you out of profitable opportunities while they are still profitable, just because

1) your broker suddenly widens the spreads to collect stop losses or for other reasons (e.g. Gain Capital),
2) the market momentarily overreacts to some news, or
3) the market is pressed for 3-5 days by the end of the month (end of the year) flows.

Equally importantly, when you close using the duration stop, you do that during liquid hours at a good bid-ask spread. And not when everybody panics and spreads widen.
  • #84
  • Edited 4:17am Dec 26, 2017 4:03am | Edited 4:17am
It really depends on the strategy and whether you're trading at a high or low leverage. Even with stop losses I've seen strategies that apply Martengale absolutely obliterated after 100% gains. Too tight a stop for very small gains may keep the account safe, but don't always give optimal profit. Having to choose between having a stop and not having a stop. Having would be preferred, however, I'd say knowing where your stop is even before a trade is placed , is more important. Even if I don't enter that stop loss at the open of the trade, for sure I know where I'll be out of that trade
  • #85
  • Jun 6, 2018 6:34am Jun 6, 2018 6:34am
thanks Mate for your nice post with exact information. good luck
  • #86
  • Apr 11, 2019 12:24pm Apr 11, 2019 12:24pm
Quoting ericnyamu
Where are those fake 'real' traders who trade without stoplosses.I dare you to trade without stoploss again.With EuroChf falling 3000+ pips r.i.p to your forex accounts.i wish swissy rally got you naked with no SL . lol .it would be a lesson well learnt
3000 pips is not a problem on low leverage. Eurchf screwed only those with SLs and high leverage.
  • #87
  • Apr 11, 2019 1:16pm Apr 11, 2019 1:16pm
1) the forex literature and forex gurus and forex brokers abmonish the hordes of wannabe forex millionaires to use a stop loss
2) 95 % of forex traders lose

Something to think about...
  • #88
  • Apr 20, 2019 3:44am Apr 20, 2019 3:44am
that is exactly what i experienced, trade with SL and the trade goes immediately against me, trade without SL and the trade goes against me when i have the wrong timing and not when i have the right timing.
well i see it like this: the market is friendly. If you put an order, which a SL is, it tries to fill it ;-)
you can see it also like this: with SL the market can see you, without not.
they have them where they want them to have in propagating the absolute need of an SL. Its because of greedy and lazy nature of the brainless 95%.
But of course you need an exit point and technique. The question is am i a christmas tree shining in the dark or am i hidden in the forest...
Open where needed. Close where feeded.
  • #89
  • May 2, 2019 1:52am May 2, 2019 1:52am
never found a successful trader in here who got success without using Stop Loss , so this technique no way to avoid at all when trading , without SL your trading condition as like a ship in an ocean without a rudder, that's all.
  • #90
  • Aug 29, 2020 10:09am Aug 29, 2020 10:09am
Stop loss is essential to minimize risk. Market is unpredictable. You never sure for what will happen. So, traders should use stop loss.
  • #91
  • Aug 29, 2020 10:19am Aug 29, 2020 10:19am
And use it well too. Improperly used stop loss just leads to more losses.
  • #92
  • Aug 29, 2020 2:17pm Aug 29, 2020 2:17pm
"But above all I use stops" (Larry Williams in an interview)
  • #93
  • Aug 30, 2020 12:35am Aug 30, 2020 12:35am
i am not affiliated with these traders, not in any way, but i have been watching them for several months now, maybe at least three months approx..

their explorer does not show what their stoploss is(if any), but they have never lost a trade.. and, they are scaling into their trades..

they were trading a $130k live account, but then for some reason they are now trading a $10k live account, go figure.

i have been watching them for a few months now and they have never lost a single position.

https://www.forexfactory.com/edenbridgefx
  • #94
  • Aug 30, 2020 2:48am Aug 30, 2020 2:48am
well yes, sl protects us from a possible account crash.
but,for example, I am now using a strategy that does not require sl to be used.
  • #95
  • Nov 18, 2025 2:37pm Nov 18, 2025 2:37pm
Quoting afzalz
Stops are a scam and there is absolutely no reason to use them. If you are entering positions in the right place, ie near support or resistance, you should never need to use a stop because if the trade goes against you, price always comes back to S/R where you can close the trade for a smaller loss or break even rather than closing the trad at the greatest loss making level. I'v been trading professionally for over 10 years and managing money for 4 years. I never use them.
Hi,
It's been more than 10 years after this post. I wonder how it is going for You? Are you still trading the same way?
  • #96
  • Nov 28, 2025 7:29am Nov 28, 2025 7:29am
Running no hard SL can work only with strict equity-based kill switches and position limits—otherwise tail events wipe you out
  • #97
  • Dec 3, 2025 2:38am Dec 3, 2025 2:38am
I can get it if someone in 2010, when the thread started, asked such questions but now if someone still thinks they can skip SL and get a way with not blowing their accounts it's really mind blowing.
  • #98
  • Dec 7, 2025 4:50pm Dec 7, 2025 4:50pm
Nobody successful trades without a stop loss. Period. If they tell you they do, they are either lying or they have infinite money to absorb drawdowns, which means they aren't really trading with risk. The stop loss is literally the only thing keeping you in the game long term, even if it gets hit constantly. You can adjust it wide, sure, but no stop loss equals eventual ruin. That’s just math.
  • #99
  • Dec 7, 2025 5:47pm Dec 7, 2025 5:47pm
Nope, at some stage you will get wiped with a search and destroy run..
Perhaps only if you have ridiculous equity to continually average your trade out, even then, just get wiped harder...
Im only here for the Guzzoline...
  • #100
  • Dec 7, 2025 5:57pm Dec 7, 2025 5:57pm
Quoting zoty77
Nobody successful trades without a stop loss. Period. If they tell you they do, they are either lying or they have infinite money to absorb drawdowns, which means they aren't really trading with risk. The stop loss is literally the only thing keeping you in the game long term, even if it gets hit constantly. You can adjust it wide, sure, but no stop loss equals eventual ruin. That’s just math.
This channel has been lying for years according to your criteria then.
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