Real Fx traders do not use stoploss | Page 34 | Forex Factory

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Real Fx traders do not use stoploss

  • #661
  • May 10, 2019 6:42am May 10, 2019 6:42am
Quoting kenshin
{quote} Any open trade that's in the negative would be referred to as a 'floating loss'. If it's in the positive, then it would be a 'floating profit'. Once you close the trade, then it becomes a 'profit' or 'loss'. Another way would be to refer to the open trade as an 'unrealized loss' or 'unrealized profit'. I don't think there is any standard terminology for this, but most traders should be able to recognize what you mean if you use the floating or unrealized terms when dealing with open trades.
thanks for your nice post , got some fine lines that is different than others experience.
  • #662
  • Nov 23, 2019 12:39pm Nov 23, 2019 12:39pm
Quoting IndexPlanets
"Floating Loss" or "Floating Profit" Thank you!
Hello Mate. Im following your post for a while, i have a really similar system i think just what you have. Can i share with you?
I hope you have a great day.
  • #663
  • Nov 30, 2019 10:07am Nov 30, 2019 10:07am
Quoting Blackship
hi guys, I've heard that pro fx traders who do not use stop losses and this had contributed much controvesy. Anyone who approve or disapprove please comment
Hello are you here now? Maybe not and that’s the reality! Without SL the journey is too much sticky!
  • #664
  • Dec 2, 2019 6:22am Dec 2, 2019 6:22am
Quoting ZikriIrfan
{quote} Hello are you here now? Maybe not and that’s the reality! Without SL the journey is too much sticky!
You can have a successful trading strategy even without SL. You need to manage your risk other ways around. But for rookies, SL and TP are one of the easiest ways how to set your risk management. From what I've seen, most people doesn't lose money because they don't use SL, it's because they don't stick to their strategy. Then the journey get sticky.
  • #665
  • Aug 27, 2020 7:22pm Aug 27, 2020 7:22pm
FX traders always should use stop loss. Market is uncertain. So, trader should prepare for anything.
  • #666
  • Aug 27, 2020 10:37pm Aug 27, 2020 10:37pm
It is better to use stop loss in trading. Because it is not possible for a person to sit in front of the platform for 24 hours. So if there is an unexpected move in the market, stop loss is used to save your account from that move. Stop loss should be used to follow the risk reward ratio. I never trade without stop loss because I know what can happen if I trade without stop loss. Everyone in the world who has been successful in trading uses Stop Loss.
  • #667
  • Aug 27, 2020 11:27pm Aug 27, 2020 11:27pm
Using stop loss depends on your trading strategy. If you are a short term trader or scalper, you have to use stop loss. Because it's very difficult to detect early start of a trend. You can be opposite side of the trend and lose all your money in one trade.
  • #668
  • Aug 28, 2020 1:03am Aug 28, 2020 1:03am
Last night there was a pretty strong convulsion on some fx pairs, luckily there would be a stop loss if not already burned.
  • #669
  • Sep 3, 2020 3:26am Sep 3, 2020 3:26am
I believe that using stop loss is a decision that you take regarding how much you are willing to lose. It doesn't say anything about how experienced you are.
  • #670
  • Sep 6, 2020 4:32pm Sep 6, 2020 4:32pm
I rarely if ever use a stop... it can be done
  • #671
  • Sep 7, 2020 1:56am Sep 7, 2020 1:56am
Most of the professional traders don't use Stop Loss. But for the new traders, it is very much needed to use stop loss. Because it will help them to control their loses.
  • #672
  • Sep 8, 2020 12:28am Sep 8, 2020 12:28am
I completely disagree with this statement. Stop losses are a live saver, you might blow up your entire capital if you do not define sl limits. But yes, how do you set the stop loss reveals the probability of a profitable trade.

Secondly, if you can remain glued to your screen, then for sure setting stop loss is not required, but if you do not prefer to stick to your charts then stop loss protects you from undertaking huge losses.
  • #673
  • Sep 8, 2020 1:34am Sep 8, 2020 1:34am
using stop loss is own choice , i have seen so many traders who dont like to Sl when trading even during news , but its the inevitable part of trading which is very supportive to avoid unfortunate risk and losses. in my trading career i always use Sl even when time to scalp.
  • #674
  • Sep 8, 2020 1:53am Sep 8, 2020 1:53am
Depending on how well are you with your trading. I would say that beginner should always consider using stop loss, at the same time, I can see why experienced traders felt the need not to use stop loss. But in my honest opinion, every trade you make should have stop loss, no matter what.
  • #675
  • Sep 8, 2020 3:05am Sep 8, 2020 3:05am
For me, trading without stoploss, just like driving without brake! Just imagine if you drive without any brakes! That simple...
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  • #676
  • Sep 9, 2020 3:47am Sep 9, 2020 3:47am
its a nice logic you have done , appreciate. sounds good.
  • #677
  • Sep 14, 2020 10:13am Sep 14, 2020 10:13am
As a beginner, it is absolutely necessary that you use stoploss. If you are an experienced trader, you should do what suits you because by then, you would have already made your opinion on it.
  • #678
  • Last Post: Sep 15, 2020 2:37am Sep 15, 2020 2:37am
I trade stocks with my local broker and I don't use leverage at all. I should say that ability to weather any drawdown almost ensures that you will eventually be in green because there is only one long-term trend in stocks and it is bullish . Downside moves are corrections, bearish trends don't exist!
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