I really think SL is very important, if you also do intraday
Stop Loss is not a financial loss 23 replies
Ea for take profit and stop movement based off risk(stop loss) 13 replies
Stop Loss vs. Hidden Stop Loss 26 replies
Who is best ? stop loss or trailing stop 46 replies
Stop Loss and Trailing Stop 0 replies
DislikedI just want to say trading without stop loss is a big NO. Just one day will blow your account if you are lucky.Ignored
DislikedI saw some other "No sl" thread but i will write on my own. There will only be one post from me and no follow ups, this just some information for whoever wants some inspiration on No SL. No stop loss easy strategy: Step 1 = Find a method that picks extreme price movements (extreme overbought/oversold,pivots,fibos, adr, bands etc), time-frame you figure it out. Step 2= Once price is at its extreme point start adding orders and wait for the retracement or reversal (NEVER OVER-LEVERAGE your entries must survive a big miscalculation on your part and...Ignored
DislikedI saw some other "No sl" thread but i will write on my own. There will only be one post from me and no follow ups, this just some information for whoever wants some inspiration on No SL. No stop loss easy strategy: Step 1 = Find a method that picks extreme price movements (extreme overbought/oversold,pivots,fibos, adr, bands etc), time-frame you figure it out. Step 2= Once price is at its extreme point start adding orders and wait for the retracement or reversal (NEVER OVER-LEVERAGE your entries must survive a big miscalculation on your part and...Ignored
DislikedI see some polite people, but mostly functional illiterates that cant read beyond no sl. I said 1 post but will expand a little in this final post for the polite people. There is a very simple fact of trading 1 -- The market moves in waves it does not infinitely move in one direction forever and ever. Simple fact of trading 2 --- Price will always revert to the mean but the mean will move and adapt with price. (drop a random MA and see that no matter how far price moves from the MA it will always return to touch it) Therefore Step 1 starts with...Ignored
DislikedI stopped using SLs long time ago, somewhere 2011 when it was a crime just to say you are not following 1:3 sl tp ratio. Anyway, putting a tiny portion of your account is the holy grail. Thus way you can change the direction in a second and turn a loser into a winner, it is theoretically possible to close only winners.Ignored