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Do you use stoploss?

  • #541
  • Mar 14, 2022 12:11am Mar 14, 2022 12:11am
there is nothing 100% in there , so without using stop loss your trading condition as like a Ship in an ocean without a rudder.
  • #542
  • Mar 14, 2022 2:55pm Mar 14, 2022 2:55pm
yes i use now stoploss since 1 year
i use now stoploss becoz in past i lost my all money and that is just becoz of no stop loss
50 pips is my normal stoploss
  • #543
  • Mar 15, 2022 2:59am Mar 15, 2022 2:59am
to use stop loss is a very professional technique , we can use demo account to be experienced more about this strategy. personally i try to develop my skill by this method.
  • #544
  • Mar 30, 2022 5:36am Mar 30, 2022 5:36am
Both TP and SL are essential to be maintained because we know how volatile Forex market is. Its volatility can take a turn anytime. That’s why traders should remain alert all the time. Stop loss protects traders from any sudden untoward market movement. It helps you to have a narrow escape from balance crashes.
  • #545
  • Mar 31, 2022 1:14pm Mar 31, 2022 1:14pm
Quoting christianleo
Both TP and SL are essential to be maintained because we know how volatile Forex market is. Its volatility can take a turn anytime. That’s why traders should remain alert all the time. Stop loss protects traders from any sudden untoward market movement. It helps you to have a narrow escape from balance crashes.
Exactly. And any trader can`t use "set it and leave it" technique without TP and SL. And that technique is one of the best and stressless.
  • #546
  • Apr 26, 2022 12:25am Apr 26, 2022 12:25am
Quoting ronald_fsm
Dear traders, I want to ask you questions about trading: 1. Do you use stoploss or not? 2. Why do you use stoploss and why you don't? 3. How many pips do you use your stoploss? thanks anyway
Hi Ronald

1. I use stop loss all the time
2. My leverage is 20x, so I can't afford a loss more than 2%. So using stop loss is mandatory on my system.
3. It is not fixed. I use ATR 20D *1,5 +SPR
Don't give up. It took me around 30k hours to be profitable.
  • #547
  • Apr 26, 2022 10:03pm Apr 26, 2022 10:03pm
I don't use stop loss for small-lot long-term trades because obviously you should expect deep drawdowns in your position in the course of trading and using stop loss could be unproductive. However most of my trades are done using scalping.
  • #548
  • May 6, 2022 1:28am May 6, 2022 1:28am
Quoting Ffas
1. Do you use stoploss or not? 2. Why do you use stoploss and why you don't? 3. How many pips do you use your stoploss? My Answers: 1. I use stop losses and sometimes mental stops (But I ALWAYS cut my losses short) 2. I use stop losses to let my winners run trying to get at minimum 1:5 (Risk/Reward) 3. I use ATR (20D) *1,5 on a especify time But I don't trade FOREX anymore, only STOCKS.
Hi!
I'm testing the use of ATR to define the Stop Loss level. But my question is, in which time frame u use the 20 period and why x1,5? I think it's better x2, if not the stop is to close to the price u open the trade, at least trading with a M15 time frame!
Thanks mate!
  • #549
  • May 9, 2022 7:42pm May 9, 2022 7:42pm
Just talked to a trader on social media and he never used a stop loss and he blew his 3k account. Happens all the time. Hard to blow an account when trading 1-2% risk per trade with a SL.
  • #550
  • May 25, 2022 12:07am May 25, 2022 12:07am
Using stop loss will protect you from getting losses. But we see traders are averse to using it because they can’t feel that a sudden volatility can blow off their capital. Using stop loss should be the part of one’s trading plan.
  • #551
  • May 25, 2022 12:22am May 25, 2022 12:22am
It's all about how you use a stop loss. When I trade futures, I seem a stop loss as a max loss per trade. If the entry is not good enough which means the stop loss is not beyond some structure high/low or VAH/VAL, I will just give the trade up. I used to trade without stop loss but it was an order flow type of trading. Both win and loss are small but win rate is huge.
  • #552
  • May 26, 2022 9:24pm May 26, 2022 9:24pm
Yes, I use stop loss because I feel its importance. It saves me from big losses. Previously I wasn’t used to using stop loss and due to that I needed to regret many times. When I became experienced, I started to feel how important it is to use stop loss to shield against losses. Now I use stop loss on a regular basis in my trades.
  • #553
  • May 28, 2022 1:09am May 28, 2022 1:09am
I use it only when my trade become positive. Then I put stop loss in positive area and that way I can't lose any money on that trade.
  • #554
  • Jun 23, 2022 12:13am Jun 23, 2022 12:13am
Quoting ronald_fsm
Dear traders, I want to ask you questions about trading: 1. Do you use stoploss or not? 2. Why do you use stoploss and why you don't? 3. How many pips do you use your stoploss? thanks anyway
1. Yes, i use stopploss. SL is a lifesaver.
2. I do not want to lose everything when market is against my trade. Minimizing risk is main factor for using SL.
3. It is related to trade and instrument
  • #555
  • Jul 28, 2022 2:11am Jul 28, 2022 2:11am
Those who have lost money due to the unpredictability of the market will regularly use a stop loss.
  • #556
  • Jul 30, 2022 2:33am Jul 30, 2022 2:33am
Quoting Myfight
Those who have lost money due to the unpredictability of the market will regularly use a stop loss.
Learning their lessons hard way, right?
  • #557
  • Jul 30, 2022 5:31am Jul 30, 2022 5:31am
1. Sometimes

2.

I might not use it if it's a tiny leverage trade and things are trending (also maybe a bit choppy) in my favour and waiting for a few days to months or may just want some small gains.

I will use SL on high leverage trades intraday to swing trade with good setups and believe it has found it's Pivot point before a swing in a favourable direction.

3. Depends on the extremity of the Trade setup. If I have missed the lowest low or highest high for the Setup then i will leverage less to cater the R:R with the SL just beyond those Pivot points to ride along more safely on the Trade.
  • #558
  • Jul 31, 2022 4:44am Jul 31, 2022 4:44am
Stop loss is crucial because it protects our accounts from significant losses and improves our money management when used properly. Many traders experience trading failures due to a lack of trading plans and incorrect stop loss usage.
  • #559
  • Aug 1, 2022 1:46pm Aug 1, 2022 1:46pm
It depends on how your trading style. If I trade intraday, I don't use SL nor TP. I monitor all my running positions. If the market against my setup, I'll exit the market right away. If I do swing, I always set my SL. Don't think about SL hunter, one way or another it'll save your entire account.
  • #560
  • Aug 3, 2022 4:29pm Aug 3, 2022 4:29pm
i dont use stops. if you want some educational stuff check out my thread.... 29yrs trading & still here
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