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Trading without stop-losses

  • #201
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  • Sep 15, 2015 12:48am Sep 15, 2015 12:48am
Quoting grin
It is possible to climb mountains without harness, but would you?
I believe this comparison overestimates proportions It is possible to make up for lost money, but it's impossible to make up for lost life.
  • #202
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  • Sep 15, 2015 4:09am Sep 15, 2015 4:09am
Quoting Mingary
The issue is not whether one should use a SL or not. The issue has to do with placing crap trades or not. A stop loss will never protect from losing if all you do is lose.
Like that!

I haven't read the entire thread so please excuse if that was mentioned before ...

Anyway ... the question is about how you trade. Look at the price movements, almost every price is coming back so if your leverage is low enough and your TP small you could almost take a trade in any direction without a SL and then wait for it becoming profitable. It's not a recommendation though, but might be worth a try with some lunch money.

Regarding the mentioning of the SNB madness, I personally getting really tired of that and think that topic has been discussed to death at least a dozen times. SL didn't help anyone there, guaranteed SL may have been an option BUT there are other ways to protect against very rare worst case scenarios one would be regular withdrawals, if you make enough money of course.
  • #203
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  • Oct 29, 2015 10:57am Oct 29, 2015 10:57am
I always use a stop loss, It's better to lose some then lose it all. What you really need to apply to trading is risk/reward management
  • #204
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  • Nov 14, 2015 10:58am Nov 14, 2015 10:58am
I would always use a stop loss.​

Without a stop loss you risk the calamity of losing your internet connection
and having the trade go against you.
  • #205
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  • Nov 14, 2015 5:30pm Nov 14, 2015 5:30pm
Quoting blastman
I would always use a stop loss.​ Without a stop loss you risk the calamity of losing your internet connection and having the trade go against you.
Is this conclusion based on your successful trading?
  • #206
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  • Nov 15, 2015 6:38am Nov 15, 2015 6:38am
Quoting tradability
{quote} Is this conclusion based on your successful trading?
Hey tradability,​

This has never happened to me so is more a logic based risk reduction decision.

I have indeed known this to have happened to someone.
  • #207
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  • Nov 15, 2015 6:43am Nov 15, 2015 6:43am
Perhaps you need to look up what is an Mt4 virtual plug in who and how it operates blastman. This will educate you on some things MOST likely to happen when trying to succeed in trading. This I guarantee you is happening in just about every broker no matter what they say.
  • #208
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  • Nov 15, 2015 6:52am Nov 15, 2015 6:52am
Cheers man ​
  • #209
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  • Nov 15, 2015 11:21am Nov 15, 2015 11:21am
In that case, when you trade without stop losses, you better use very low leverage, up to 1:5, but the most important is the instrument that you trade.
I suggest trading only indices (for example SP500 or DAX) and your trade size should be in a way that even when there is a 30% fall of the instrument price, your account still wont be margin called.
  • #210
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  • Edited 6:09pm Nov 15, 2015 5:52pm | Edited 6:09pm
Quoting Skotidas
In that case, when you trade without stop losses, you better use very low leverage, up to 1:5, but the most important is the instrument that you trade. I suggest trading only indices (for example SP500 or DAX) and your trade size should be in a way that even when there is a 30% fall of the instrument price, your account still wont be margin called.
You're very close in your conclusion. Correct MM and without a stop loss but using an alternative method you should be able to make slow, small and steady profits almost endless provided the strategy is a cut above the rest and on currencies with 1:100 is about as high as you want to go.
  • #211
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  • Nov 15, 2015 7:39pm Nov 15, 2015 7:39pm
Trading without a stop loss depends on a few things.

If you are a scalper or jobber then you will need one..

If you over leverage you will need one.

If you trade within yourself and have small leverage which allows you to digest market activity rather than being hastened by losses then there is no need.

I use the latter
  • #212
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  • Nov 15, 2015 10:34pm Nov 15, 2015 10:34pm
Quoting lasty
Trading without a stop loss depends on a few things. If you are a scalper or jobber then you will need one.. If you over leverage you will need one. If you trade within yourself and have small leverage which allows you to digest market activity rather than being hastened by losses then there is no need. I use the latter
That's pretty much what I have said...unless you interpreted it differently.
But one question to you since you claim you "use the latter"... so what kinds of results you are achieving?
  • #213
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  • Nov 15, 2015 10:49pm Nov 15, 2015 10:49pm
Even a scalper uses stop loss to prevent any worse things when his internet connection got disconnected....
  • #214
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  • Nov 15, 2015 11:03pm Nov 15, 2015 11:03pm
Quoting LuthfiMaung
Even a scalper uses stop loss to prevent any worse things when his internet connection got disconnected....
Really ...would you like to show everyone how successful the scalper was in using his SL...at least 3 years worth of trading?
I am VERY interested in seeing what you have or anyone else as a matter of fact.
  • #215
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  • Nov 15, 2015 11:21pm Nov 15, 2015 11:21pm
Quoting PeterFM
{quote}No. Even after you think you have this cracked the answer is No. It'll be several years before your skills are at a level where you can risk keeping disaster stops far enough away to let a trade breathe without closer stops and then your chart assessments and money management had better be very good. I tried it and the end results can be read in this post since then I've always had a stop worked out before I've entered a trade. Sometimes they're hard stops and sometimes...
I think this is pretty good advice. I always use a stop, and I think people who don't use them are mostly scalpers (I don't scalp, but if I did, I would still use a stoploss) or people who have gotten frustrated from getting stopped out and then watching the trade continue in the direction they predicted. Successful trading involves correctly choosing direction, but also learning the best entry point and place to put your stop in a trade, which takes time. It's not just about widening your stops, you still want to be shooting for 2 - 3 times reward (compared to risk) minimum, and support and resistance needs to be considered both in placing the stop and in deciding where the take profit will be.
  • #216
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  • Nov 15, 2015 11:29pm Nov 15, 2015 11:29pm
Quoting Salmas
I am still amazed all these pro traders(Wannabes) in here always talking about stop-loss. Stop-Loss is a term used for dummies. They (pros) brainwash you ( you=dummy) from the beginning (when you start the ABC of trading) in order to use stop-loss while they dont even use stop-loss( They I meant big guys, pros, hedge funds, money makers and ...). Do you think John Paulson, Warren Buffet and their big time friends use stop-loss?? give me a F..... break. From the start they teach you the concept of stop-loss in order to lose money. Wake up people...
this is ridiculous. i can't believe that there is someone out there who thinks this! i win trades all the time with a stoploss, and i am not trading crazy amounts of money. i won't change that when i increase the size of my trades.
  • #217
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  • Nov 15, 2015 11:31pm Nov 15, 2015 11:31pm
Quoting Salmas
I am still amazed all these pro traders(Wannabes) in here always talking about stop-loss. Stop-Loss is a term used for dummies. They (pros) brainwash you ( you=dummy) from the beginning (when you start the ABC of trading) in order to use stop-loss while they dont even use stop-loss( They I meant big guys, pros, hedge funds, money makers and ...). Do you think John Paulson, Warren Buffet and their big time friends use stop-loss?? give me a F..... break. From the start they teach you the concept of stop-loss in order to lose money. Wake up people...
this is ridiculous. i can't believe that there is someone out there who thinks this! i win trades all the time with a stoploss, and i am not trading crazy amounts of money. i won't change that when i increase the size of my trades. As i said in my last post, if someone keeps getting stopped out, they likely have a problem with the entry point or aren't effectively considering support and resistance, it's a skill that takes time to master.
  • #218
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  • Nov 17, 2015 5:34pm Nov 17, 2015 5:34pm
Quoting pqt
It can be done...sort of. I have a $1000 working account with a broker. My margin per lot is $500. So each time I enter a trade , I don't set a stop loss but I have a de facto "stop loss" of about 50pips until the margin call. Needless to say, I have to be extra careful when I trade with that account and take only trades that are basically "a sure thing". With that setup, I have been able to make 100-200pips/week (which I withdraw as profits, leaving only the original $1000) and from time to time, got the account blown out. I know there are peeps...
I've done this for a long time, but you have to sit and watch all the time.
  • #219
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  • Nov 17, 2015 6:35pm Nov 17, 2015 6:35pm
Quoting tradability
{quote} That's pretty much what I have said...unless you interpreted it differently. But one question to you since you claim you "use the latter"... so what kinds of results you are achieving?
You can check out my trades under Miranda FX in Trades
  • #220
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  • Nov 18, 2015 4:11am Nov 18, 2015 4:11am
Quoting lasty
{quote} You can check out my trades under Miranda FX in Trades
And where is that ? Is it some official data presenting site and if so how do we know it's your data as opposed to someone else's results?
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