I would always use a stop loss. I work on a strict risk management strategy and calculate my stop loss based on my risk to reward factor. I don't risk more than 5% of my account in any one trade. Also, a stop loss can be useful at securing a profit. As your trade comes into profit you can move your stop loss to secure some pips.

- Joined Oct 2013 | Status: Pushing beyond the 4th gear. | 1,886 Posts
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.