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Do you use stoploss?

  • #121
  • Apr 6, 2015 2:57am Apr 6, 2015 2:57am
I always use a stop loss. It is essential if you ask me. We all know the risks of trading so if you open a position with no stop loss it is like tacking a risk with no contingency plan. You always need to use protections. How much stop loss you place depends on how risky you want to be. I am willing to risk only a percentage of my equity so I normally place it at the 2% level.
  • #122
  • Apr 6, 2015 8:21am Apr 6, 2015 8:21am
Slippage would have killed you even if u had it. SNB.
DON'T TRADE THE DIRECTION, TRADE THE MOVE
  • #123
  • Apr 7, 2015 3:13am Apr 7, 2015 3:13am
Quoting DavieM
I always use a stop loss. It is essential if you ask me. We all know the risks of trading so if you open a position with no stop loss it is like tacking a risk with no contingency plan. You always need to use protections. How much stop loss you place depends on how risky you want to be. I am willing to risk only a percentage of my equity so I normally place it at the 2% level.


Totally agree with you Davie, any experience with higher percentage? Usually with such low percentage you should entry the market at the right moment right ?
  • #124
  • Apr 22, 2015 2:40am Apr 22, 2015 2:40am
I'm using stoploss now, it's useful when lack of experience or you are a risk averter. You may suffer huge lost when market change suddendly without stoploss.
  • #125
  • Apr 23, 2015 10:07am Apr 23, 2015 10:07am
I alway us stoploss. I think it depend on the way you trade.
  • #126
  • Apr 24, 2015 8:48am Apr 24, 2015 8:48am
Not really a direct response to the OP, but it is a question about stop-losses.

How does one mitigate when you get stopped out due to news then price continues in the direction you traded?

Took a trade on E/J this morning, got stopped out due to spread change around news time, now price is falling like a rock towards my initial target...Do you find another time to get back in? What if no other opportunity presents itself?
  • #127
  • Apr 29, 2015 8:14pm Apr 29, 2015 8:14pm
I always use a stop loss. Always.
  • #128
  • May 6, 2015 10:25am May 6, 2015 10:25am
Never use a stoploss, but instead my program tries to counter the loss with a new position, iterating so until you are profitable.
Cheers
  • #129
  • May 6, 2015 12:03pm May 6, 2015 12:03pm
I always use stoploss because of the risk management of my trades
  • #130
  • May 6, 2015 7:32pm May 6, 2015 7:32pm
Yes, always. If I'm wrong to begin with, I might as well get stopped out.
  • #131
  • May 7, 2015 2:54am May 7, 2015 2:54am
like is there an actual strategy that dont use stop loss? im not sure i fathom how it works?
  • #132
  • May 7, 2015 4:02am May 7, 2015 4:02am
1. Always. I used to never use it but I learn from my mistakes.
2. Long term I have much smaller losses with using S/L than without using one.
3. Depends what time frame I'm trading. In 1H-5M somewhere inbetween 40 and 10.
  • #133
  • May 12, 2015 6:19pm May 12, 2015 6:19pm
ALWAYS use a Stop Loss.

Even if you decide to hedge you should use a stop.
  • #134
  • May 13, 2015 5:04am May 13, 2015 5:04am
I always use stiop loss and I've never tried to trade without it. I actually don't understand how can you trade without this order even if you use a low leverage.
  • #135
  • May 13, 2015 8:18am May 13, 2015 8:18am
It depends.

In 1 strategy I trade breakouts and using a stop loss is mandatory to the strategy as everything else would be against the system rules.

In trend trading I follow an always in the market approach. Closing the positions out on predefined conditions. I don't know exactly when this will happen so no sl is set in stone at the beginning of the trade but it's kind of dynamic sl.
  • #136
  • Jul 13, 2015 10:28pm Jul 13, 2015 10:28pm
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. Do you use stoploss or not?
No

2. Why do you use stoploss and why you don't?
I hate being stopped because of ranges, so i let my orders go with what i think, even if they come back for a little time

3. How many pips do you use your stoploss?
no SL, brokers hunt you :/
Perfecting your entry will increase your profits
  • #137
  • Jul 16, 2015 10:09am Jul 16, 2015 10:09am
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 stop losses always.
2. Because the price can move too fast in forex and without a stop loss you can take a much larger loss than expected even before considering slippage.
3. I use 15 pip stop loss.
  • #138
  • Jul 18, 2015 3:47pm Jul 18, 2015 3:47pm
Unless you are sitting at your desk watching the screen, I can't see how you could not use a stop loss. My positions can last several days, so I can't watch it the whole time, especially when at work or sleeping.
  • #139
  • Jul 19, 2015 4:42pm Jul 19, 2015 4:42pm
After CHF, always use SL 50, depending on pair/volatality.
  • #140
  • Jul 21, 2015 5:42pm Jul 21, 2015 5:42pm
Quoting petrickbang
After CHF, always use SL 50, depending on pair/volatality.
yeah, after that "CHF impact" you never know what can hit the market next
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