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Trading without stop-losses

  • #261
  • Dec 7, 2015 3:19am Dec 7, 2015 3:19am
I think this is stupid to not use s/l. You should use atleast trailing stop. Many times I tried to trade without s/l. Sometimes I managed to make profit. But losses were bigger than profits trading without s/l.
In my opinion it is better to use s/l or atleast use trailing stop.
Road to success.
  • #262
  • Dec 7, 2015 6:19am Dec 7, 2015 6:19am
Quoting ivertell
I think this is stupid to not use s/l. You should use atleast trailing stop. Many times I tried to trade without s/l. Sometimes I managed to make profit. But losses were bigger than profits trading without s/l. In my opinion it is better to use s/l or atleast use trailing stop.
Because that's the weapon to minimize the risk of forex trading. But it's still fine if you can cut your losses when you know your position isn't profitable anymore...
  • #263
  • Dec 7, 2015 9:11pm Dec 7, 2015 9:11pm
I don't trade with a SL anymore, but that's because my method is a little unconventional.

If I were starting out I would definitely use one. You need to protect your capital.

But they're so frustrating ... how many times do you make a trades, watch the price run your SL only to reverse the opposite direction? You curse the world, get angry, try and chase your loss etc. Too much emotional difficulty there for me.
  • #264
  • Dec 8, 2015 2:21am Dec 8, 2015 2:21am
Quoting lasty
{quote} I'm here.
How do you sleep at night?
Almost got it or far far away. Result is the same - you didn't get it!
  • #265
  • Dec 8, 2015 2:55am Dec 8, 2015 2:55am
If you live in denial you could make a synthetic stop loss with a hedge. you could probably successfully average out of losing positions most of the time. Is margin call considered a stop loss?
You don't have to use a stop loss necessarily. There are plenty of different ways people can trade.
But the question is - would you trade without any risk management?
  • #266
  • Dec 8, 2015 3:01am Dec 8, 2015 3:01am
I don't trade with a SL too .... I used Current High Low to get a little corection ...

The indi that I'm only used
http://www.forexfactory.com/showthre...05#post8627705
and
http://www.forexfactory.com/showthre...94#post8580394

my trading system, you can check in
http://www.forexfactory.com/showthre...06#post8496706

Regards
  • #267
  • Dec 8, 2015 3:03am Dec 8, 2015 3:03am
Quoting BubaYaga
But the question is - would you trade without any risk management?
Key point.
  • #268
  • Dec 8, 2015 5:35am Dec 8, 2015 5:35am
The thing is about your capital management. It's not a big deal if you trade without any SL as long as you can take an action to cut your losses (which is you doing it by yourself in the middle of your trading time...
  • #269
  • Dec 8, 2015 5:25pm Dec 8, 2015 5:25pm
I tried trading without a sl for while I would make a profit then blow it all in one trade i wouldnt recommend it Id say that you definitely need sl so at the moment my sl is 10 pips
  • #270
  • Dec 9, 2015 7:06pm Dec 9, 2015 7:06pm
do trading without stop loss take a big risk, because for trader that have a much time for watch the price movement, stop loss is very needed. i just suggest better u use stop loss when u do forex trading.
  • #271
  • Dec 10, 2015 12:37am Dec 10, 2015 12:37am
The issue with a thread or even forum like this is it is open to anyone commenting and making false conclusions, remembering that 98% of traders lose implies that 98% of things said are not true.
What is needed is proof which justifies one's conclusion not just anyone saying any rubbish. This will eliminate what doesn't work.
This way at least one sees how well one's conclusion is based on and how well it works in a live market for a long period of time.
  • #272
  • Dec 10, 2015 7:28am Dec 10, 2015 7:28am
Quoting mozart4646
I tried trading without a sl for while I would make a profit then blow it all in one trade i wouldnt recommend it Id say that you definitely need sl so at the moment my sl is 10 pips
This is what will happen if you're trading without stop loss. It's a crucial risk management tools that almost every trader need (except if you're know where to cut your losses which is good).
  • #273
  • Dec 17, 2015 6:22pm Dec 17, 2015 6:22pm
i think do forex trading without stop lose is so risk, because stop lose is set by trader because they already do analysis and predict the price movement, so if u didnt use SL i think it so risk. but its back to the trader about what will they do at their forex trading.
  • #274
  • Dec 17, 2015 6:38pm Dec 17, 2015 6:38pm
SL is a great tool when you're learning, Id say it's essential actually. But as you gain experience and develop your own style and understanding, you may well find that SL is a big part of why you're losing.
  • #275
  • Dec 21, 2015 4:19am Dec 21, 2015 4:19am
Hello,
According to me, I would like to keep a stop loss in case the conditions prevailing in the market are uncertain and volatile. For example, when I was trading near the FOMC meeting this month, on all the trades I had kept a Target profit along with STOP LOSS. The stop loss helps us prevent major losses which can potentially happen during the turbulent market conditions. Its is a basic risk management tool during the rout in equities markets or commodities market or forex market.

Be safe and put SL in case trading during volatility or when you are not sure about the trend of the respective market.
  • #276
  • Dec 22, 2015 2:49am Dec 22, 2015 2:49am
Hi all,

in my view, one should always use a stop loss while trading. it prevents one from facing the huge losses in case the market is highly volatile, if you havnt placed a stop loss you can suffer huge losses.
  • #277
  • Dec 22, 2015 1:56pm Dec 22, 2015 1:56pm
Quoting nAVIN2007
{quote} to trade without a stop loss means u enter trades without truelly accepting a defined risk....5% of people make money in trading, without using stop loss this % would reduce to practically zero why make a job harder when it almost impossible
Makes a lot of sense
  • #278
  • Dec 22, 2015 7:28pm Dec 22, 2015 7:28pm
Quoting Mr.Aurelius
{quote} Makes a lot of sense
Is that true? Can you show us how you are making money by placing a stop loss then? Can we see a live track record of more than 2 years?
  • #279
  • Dec 22, 2015 10:45pm Dec 22, 2015 10:45pm
The proper use of a stop loss:

Attached Image
  • #280
  • Dec 23, 2015 1:09pm Dec 23, 2015 1:09pm
I tend to retreat from using stops as playing with small lot and decent deposit you can expect the price will sometime enter profitable zone.
Apart from my news straddle strategy use free-of-stop strategy to keep USD/RUB positions on Hotforex (mostly short ones as long swap is quite annoying)
Just don't keep to big deposits to avoid being depleted by rollover spikes, etc.
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