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Trading without stop-losses

  • #381
  • Apr 11, 2016 4:14pm Apr 11, 2016 4:14pm
Quoting forexintradi
I just want to apologize to all traders for my back and forth comments with tradability. It does really annoy me that kind of people (not only traders) who are in this world just to bother everybody with their mediocre minds. I wont answer him anymore, so I wont lower the level of this thread. I am really sorry about it, but I hate mediocrity and negativity.

If you hate negativity why do you trade fool since your results reflect negativity. lol Losers will always be losers!
  • #382
  • Apr 12, 2016 12:35am Apr 12, 2016 12:35am
I'm a noobie as well to forex and with my shallow experience id say beginners should never make trades without SL.
I've blown my account few times after good runs and every time it was cous i didint use SL.

When i didint use SL, it thought that i can do it my self.
Well, it works fine when the trade is running good, but as soon as it turns red, the greed takes over and it gets from little bad to horrible very fast.
  • #383
  • Apr 12, 2016 1:43am Apr 12, 2016 1:43am
I must suggest that traders should follow the set rules as forex is a very professional market where you can loose all of your money with one single mistake so stop losses should be considered while you plan for trading.
  • #384
  • Apr 12, 2016 2:57am Apr 12, 2016 2:57am
It depends on your strategy and available funds It's is possible to trade on small volumes without stop losses i think, but such strategy would be very risky. But even if you dont sent stop losses levels you need to make your own strategy and always stay witin its terms.
  • #385
  • Apr 12, 2016 4:22am Apr 12, 2016 4:22am
I think stop loss is always good for a trader because it protects your capital and your accounts.Stop loss helps us to limit our risk.Trader needs a good trading plan,money management is the important element of trading.
  • #386
  • Apr 12, 2016 5:11am Apr 12, 2016 5:11am
Quoting Ojas
It depends on your strategy and available funds It's is possible to trade on small volumes without stop losses.
Absolutely true. It's all about the ratio of risk to your account balance and understanding how entering a trade impacts your account.

I did a test of this - I entered a 1.90 GBP/AUD short on a small account and just let it ride. Check a GBP/AUD chart and look at the last time it was at 1.90 prior to current. (Late 2014...)

Yep - rode the whole thing just to test the theory and the account was never in major threat of a margin call. I'm not suggesting any trader take a trade like that regularly, I'm just suggesting that it is possible to trade without a stop loss and not have the issues most think you would. It all depends on your approach/view of the market. If you're here for rapid growth and you're risking a hefty % of your account on each trade your conditions are very different from a trader who's here for a reasonable growth because of other sources of profit that they're looking to grow with less risk.
"Holy Grail" exists - accepting where is the first step.
  • #387
  • Apr 12, 2016 7:35am Apr 12, 2016 7:35am
i would recommend you use a stop loss, if playing with the incorrect lot sizes or even small account balance. you can easily blow your account
  • #388
  • Apr 12, 2016 8:07am Apr 12, 2016 8:07am
Quoting dsm2nv
i would recommend you use a stop loss, if playing with the incorrect lot sizes or even small account balance. you can easily blow your account
do the math and discover how hard it actually is to blow your account out.
"Holy Grail" exists - accepting where is the first step.
  • #389
  • Apr 12, 2016 3:27pm Apr 12, 2016 3:27pm
Quoting VaBikePacker
{quote} do the math and discover how hard it actually is to blow your account out.
some just dont get what you are saying
Hope for the best, prepare for the worst.
  • #390
  • Apr 12, 2016 3:35pm Apr 12, 2016 3:35pm
Quoting dab
{quote} some just dont get what you are saying
Your tag line on your post indicates to me pretty clearly that you get what I'm saying. Kudos to you.

"Hope for the best, prepare for the worst" - that's exactly right IMO and precisely what I do mean.
"Holy Grail" exists - accepting where is the first step.
  • #391
  • Apr 12, 2016 3:41pm Apr 12, 2016 3:41pm
Quoting priceaction9
{quote} trading without a SL is like sex without condom
I love sex without a condom ... Obviously you get yourself into skanky positions alot then
  • #392
  • Apr 12, 2016 4:38pm Apr 12, 2016 4:38pm
anybody got a no-stop loss shot they can prescribe in the morning?
"Holy Grail" exists - accepting where is the first step.
  • #393
  • Apr 12, 2016 5:01pm Apr 12, 2016 5:01pm
Quoting VaBikePacker
anybody got a no-stop loss shot they can prescribe in the morning?
I have been running one for 26 weeks now Short AUD/NZD .. Love earning the points
  • #394
  • Apr 12, 2016 6:34pm Apr 12, 2016 6:34pm
Yes. The largest traders in the market trade without a stop loss. It is possible and I personally prefer to trade without a stop loss.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #395
  • Apr 13, 2016 7:24am Apr 13, 2016 7:24am
I have started a scalping strategy in the last 3 weeks using no stop losses. I use it as a way to force myself to adhere to my rules for entering and exiting trades seeing as how things could go horribly wrong for me if I get too greedy. I am currently at a 90% trade win rate over the 3 weeks with account size having net increase of 6%. But since I have only been using this strategy for 3 weeks, I need a lot more trades than 100 to prove that what I am doing is working and not just some dumb luck or underlying fundamentals of the market that is making me win. Trading with maximum of 1:5 leverage also helps as I can wait a lot longer for a reversal in the direction of my TP.
  • #396
  • Apr 14, 2016 9:45am Apr 14, 2016 9:45am
Well no one knows. But stop losses are always recommended. You wouldn't want your loss to have a no limits.
  • #397
  • Apr 14, 2016 12:13pm Apr 14, 2016 12:13pm
Quoting joldas
Hello, every one! i have a question that anyone trade without stop-losses, and successed? Trading without stop-loss can be done? has any opinion, plz comment here? thanks.
Sure you can, I can even guarantee 100% you won't lose. Take for example EUR/USD. Lets assume it won't fall below 1.000 for 100% and will go up in future. Currently it is around 1266 pips to reach that critical level. If you trade 1 lot with 1:500 leverage where pip cost is 10$ you need to have only around 13K +SO level (30% from 13K is 4K). So 17K in total and theoretically you won't lose trading without SL's
  • #398
  • Apr 14, 2016 1:12pm Apr 14, 2016 1:12pm
Quoting leebsurag
{quote} Sure you can, I can even guarantee 100% you won't lose. Take for example EUR/USD. Lets assume it won't fall below 1.000 for 100% and will go up in future. Currently it is around 1266 pips to reach that critical level. If you trade 1 lot with 1:500 leverage where pip cost is 10$ you need to have only around 13K +SO level (30% from 13K is 4K). So 17K in total and theoretically you won't lose trading without SL's
You are perfectly right ... it's all in the money management in fact you can break up the 1 lot traded into 5 parts of 0.2 lots each and you're very safe but that's easier said than done because most traders will not follow a strong MM plan!
  • #399
  • Apr 17, 2016 6:00am Apr 17, 2016 6:00am
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 $1000) and from time to time, got the account blown out. I know there are peeps...
Hi, Did you use EA or traded manually? Thanks.
  • #400
  • Apr 18, 2016 2:16am Apr 18, 2016 2:16am
Quoting leebsurag
{quote} Sure you can, I can even guarantee 100% you won't lose. Take for example EUR/USD. Lets assume it won't fall below 1.000 for 100% and will go up in future. Currently it is around 1266 pips to reach that critical level. If you trade 1 lot with 1:500 leverage where pip cost is 10$ you need to have only around 13K +SO level (30% from 13K is 4K). So 17K in total and theoretically you won't lose trading without SL's
You make some great points, but can one have 100% about anything ever in Forex trading? I, personally, don't. I always have doubts.
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