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Trading Without a StopLoss

  • #1
  • First Post: Apr 11, 2013 2:24am Apr 11, 2013 2:24am
Good-day All,
I choose to stop trading with stoploss. I now trade without stoploss.

What do you think about trading without stoploss? and if you are currently trading this way or you have traded this way before, kindly share your expirience.
  • #2
  • Apr 11, 2013 3:13am Apr 11, 2013 3:13am
Quoting dare123
Good-day All, I choose to stop trading with stoploss. I now trade without stoploss. What do you think about trading without stoploss? and if you are currently trading this way or you have traded this way before, kindly share your expirience.
If you are trading with a real account and putting your money at risk, then it's up to you really, isn't it?
I have traded without a SL in the past and regretted it.
For me it is important to know how much of my account I will be putting at risk when I enter a trade and that is not possible unless a SL is in place.
Please Do Not PM Me With Coding Enquiries
  • #3
  • Apr 11, 2013 3:27am Apr 11, 2013 3:27am
dare123,

It is risky to do so, but one must remember stops are run everyday so what do you do?
Well in my early days I too use set stops, but now I only use mental stops, but the problem
there is are you really going to be able to adhere to a mental stop, or are you going to allow
the loss to get bigger & bigger thinking it is going to turn in you favor any minute now.

You must preserve your trading capital, so it is up to you to do what is best for you to preserve
that capital.

I have only shared what is working for ME & nothing more. I don't care what others are doing, or
have to say about stop loss. I am doing what has & is working for me.

You have selected a good topic & will receive many views, but do what is good for you.

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  • #4
  • Apr 11, 2013 3:35am Apr 11, 2013 3:35am
Presently, I use Rotational Hedging strategey which does not use stoploss. If you have used it before, Please what is your opinion about it.
  • #5
  • Apr 11, 2013 3:38am Apr 11, 2013 3:38am
Quoting dare123
Good-day All, I choose to stop trading with stoploss. I now trade without stoploss. What do you think about trading without stoploss? and if you are currently trading this way or you have traded this way before, kindly share your expirience.
I haven't done it, but I know someone who has.......it cost them their account.....probably happen to you too sooner or later
Doing what you like is Freedom. Liking what you do is Happiness.
  • #6
  • Apr 11, 2013 3:48am Apr 11, 2013 3:48am
Quoting dare123
Presently, I use Rotational Hedging strategey which does not use stoploss. If you have used it before, Please what is your opinion about it.
Never heard of it and expect that it is just like so many other "hedging" strategies that leave you with net exposure to one currency or currency pair.
Please Do Not PM Me With Coding Enquiries
  • #7
  • Apr 11, 2013 4:27am Apr 11, 2013 4:27am
This is the strategy. Although I modified it to my trading style.
Attached File(s)
File Type: pdf hull_ruleset.pdf   116 KB | 8,456 downloads
File Type: pdf hm_rotational.pdf   129 KB | 6,969 downloads
  • #8
  • Apr 11, 2013 7:01am Apr 11, 2013 7:01am
trading without a SL should be categorized as an anti trading act.

would you mind pasting your trading history here.

Danny
  • #9
  • Apr 11, 2013 7:27am Apr 11, 2013 7:27am
Quoting Danny Maina
trading without a SL should be categorized as an anti trading act. would you mind pasting your trading history here. Danny
Why is Trading Without Stoploss categorised as anti trading?
  • #10
  • Apr 11, 2013 7:32am Apr 11, 2013 7:32am
Quoting Philt
yeah if the mod could clean up all my posts i would be very grateful.
If you edit your post, on the left opposite the save button on the right, there is delete button

Quoting dare123
Why is Trading Without Stoploss categorised as anti trading.
Maybe he means no SL for a trade = doesn't show any money management plan for that trade. Anything trade without plan is considered gambling, hence anti trading.
back... and more dangerous.
  • #11
  • Apr 11, 2013 7:42am Apr 11, 2013 7:42am
I used to trade without stop loss - sooner or later it turns against you.
It gives nice profits as long as price goes your way - but it is gambling not trading and luck won't be on your side forever. you can earn 100000000% and then you will loose only 100% and all that's left is anger and dissapointment, but I guess it is a lesson you need to take to become a good trader (or to stop trading)
On my way to financial independence - if others can do it - I can do it
  • #12
  • Apr 11, 2013 7:49am Apr 11, 2013 7:49am
personally speaking,, trading without a stop loss will be suicide.. If you are asking simple questions its obvious you should not be trading..I am not being offensive but factual.. If you are using real money in real trades ie not micro and your method is good you can always work around the stop loss, i know because i do that, what ever you do take care and i wish you well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #13
  • Apr 11, 2013 7:58am Apr 11, 2013 7:58am
Quoting billytt
personally speaking,, trading without a stop loss will be suicide.. If you are asking simple questions its obvious you should not be trading..I am not being offensive but factual.. If you are using real money in real trades ie not micro and your method is good you can always work around the stop loss, i know because i do that, what ever you do take care and i wish you well
The OP started a thread that he knew would be controversial
Then he says "Ah yes, but I am using a hedging strategy"
Can you see the agenda?
Please Do Not PM Me With Coding Enquiries
  • #14
  • Apr 11, 2013 7:59am Apr 11, 2013 7:59am
Quoting billytt
personally speaking,, trading without a stop loss will be suicide.. If you are asking simple questions its obvious you should not be trading..I am not being offensive but factual.. If you are using real money in real trades ie not micro and your method is good you can always work around the stop loss, i know because i do that, what ever you do take care and i wish you well
I have decided to use this money management:
for example EUR/USD :

Every 100pips = 1% of my account:
I use rotational hedging
after every hedge, I start a new trade
I trade a maximum of 3 currency pair(1% each) or 3% of my account on 1 currency pair Per entry.

What do you think of the MM.
  • #15
  • Apr 11, 2013 8:02am Apr 11, 2013 8:02am
I am remember one of my student said..

Student : Teacher why your stoploss always got hit ? how to prevent that ?
Me : There is no 100% sure profits In trading,Trading is probability game and Loss is the part of the game
Student : If our stop always got hit then its better we dont set our SL order
Me : Whatever,if u think like so then just do it as In trading you need find where ur mistakes it and learn from it

every month am monitor her progress and every month am see her floating minus positions,she cant accept the loss and she never ride the winner,whatever how many profits she closed in every position,her floating minus positions always cant cover her profits position well
If there was easy money lying around,no one would be forcing it into your
  • #16
  • Apr 11, 2013 8:04am Apr 11, 2013 8:04am
Trading Without StopLoss and without target:: is fine and legitimate fine
as long as you know ::
when to take profit
when to cut lose
when to give up
when to stop
who know only your own based on your own personal experience

salaam
  • #17
  • Apr 11, 2013 8:08am Apr 11, 2013 8:08am
Quoting mr.kho
Trading Without StopLoss and without target:: is fine and legitimate fine as long as you know :: when to take profit when to cut lose when to give up when to stop who know only your own based on your own personal experience salaam
Salamm from Timor Leste
If there was easy money lying around,no one would be forcing it into your
  • #18
  • Apr 11, 2013 8:47am Apr 11, 2013 8:47am
With or Without? Large or Small?

Trading Without Stoploss, are you really?? Mental stop! Margin Call! both are stop losses.

Large emergency stop loss. Is it a Stoploss or a comfort blanket? Does it contain a Mental Stop if so is it really a Large emergency stop?

Last swing High/Low Stoploss
R/R Stoploss
Percentage StopLoss
2 x ATR StopLoss
Any other StopLoss.

I know someone who does not use a stoploss, their account is now much bigger than mine and they are still in business 7 years later. This sentence over simplifies what he does, he does cut losers so in a way he does use a stop loss.

I have tried all of the above and my comfort zone is using a Stoploss sooo tight that even a drop of water could not squeeze past. My entries are micro pips precise and I rarely take a loss. Breakeven Yes but not loss.

Mathematically Stoplosses are a hindrance to profitable trading, see attached PDF.

The real question is. "Are you a "3Ps Trader" (Professional, Proficient, Precise) if yes then SL is optional, if No then come back when you are.
Attached File(s)
File Type: pdf Stop Losses.pdf   326 KB | 6,581 downloads
Cut your Losers short and let your Winners run.
  • #19
  • Apr 11, 2013 9:53am Apr 11, 2013 9:53am
Quoting Gumrai
The OP started a thread that he knew would be controversial Then he says "Ah yes, but I am using a hedging strategy" Can you see the agenda?
hello bud, as soon as i hear the words hedge, i get out ,, hedge is for losers,sooner rather later
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #20
  • Apr 11, 2013 9:56am Apr 11, 2013 9:56am
Quoting dare123
I have decided to use this money management: for example EUR/USD : Every 100pips = 1% of my account: I use rotational hedging after every hedge, I start a new trade I trade a maximum of 3 currency pair(1% each) or 3% of my account on 1 currency pair Per entry. What do you think of the MM.
hello, i would advise to forget about hedgeing,, think positive,, think MY TRADES WILL SUCCEED do not rely on them losing. If at the end of the week/month you have positive pips it doesnt matter how many times your stop loss gets busted , we have casualties (loss) in forex. take care, hope it works out
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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