Benefits of a SL

Today, was a wild ride.

I was on the correct side of the move and was happy.

However, I have read over the years about numerous traders not trading with a SL in place.

If today did not put them in a margin call as it moved a couple hundred pips in minutes then they may be safe.

But I am sure that there were numerous calls today.

Not judging just saying be careful out there.

Trading without a stoploss is like driving a car without brakes (in my opinion)...... DON'T DO IT!

People who doesn't use SL are either using some for of Hedging , Martingale or basket trading...or newbies

Amen to that

Right place of exiting is as important as right place of entering.
Both equal.
To exit at random place just because price goes against you is like randomly entering because the price is going the way you like.