DislikedI trade with a wide emergency stop loss, but I consider perfect trading to never hit a stop loss, and pretty good trading to only hit one very rarely. Stops always take me out at a low profit point, and that's never where I want to exit. I have had situations with loss of internet connection while news was coming out that made me build that comfort factor stop into my trading. Otherwise, my exits are mental and usually right around break even or for profit. If price goes against me right after entry, I exit quickly for just a few pips loss. I assume...Ignored
First, it is a pleasure speaking to a profitable trader. I know this because of the way you trade. I know you make money.
Now for my comment. No one in this thread trades with absolutely NO stop loss. Most of us hedge.
Why do we hedge? Price action dictates that. So if I get long G/N ( a notoriously volatile pair), and PA tells me tomorrow to get short, then I am short....and long. One of these trades will resolve itself. But that's just a part of the tale. If that short continues, then I will get short again. Now I have two shorts, one long. So I am net short.
I know you know all of this.
"No stop loss" does not mean "no risk control". This is where people get turned around.
If you are good at something, never do it for free--Joker