Real Fx traders do not use stoploss | Page 26 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Do you use stoploss? 697 replies

What stoploss do you use? 27 replies

forex tip - Don't use a fixed stoploss brokers can target 23 replies

Personal Take Profit and Stoploss (per human, not per trade) 0 replies

Attachments: Real Fx traders do not use stoploss
Exit Attachments

Real Fx traders do not use stoploss

  • #501
  • Feb 26, 2016 3:33pm Feb 26, 2016 3:33pm
[quote=Cobra;8776181]
Quoting avibe
thread owner was last online in 2006... guess he stopped trading ... good luck trading without a SL.[/quot Yes he is no more around because he did not use stops.
Hahaha yeah probably true... although, when buying USD/ZAR or ANYTHING/ZAR there is no real need for a SL. What, with these Neanderthals in parliament? The trend isn't going to change anytime soon, sir.
  • #502
  • Jul 18, 2016 1:04pm Jul 18, 2016 1:04pm
I use stop loss size and place
that I afford to lose on trade. No any SR or any other staff.
  • #503
  • Jul 28, 2016 2:51am Jul 28, 2016 2:51am
Trading without stops is like closing eyes while driving a car, sooner or later something bad happens.
  • #504
  • Aug 8, 2016 5:40am Aug 8, 2016 5:40am
Quoting ryan-fx
Trading without stops is like closing eyes while driving a car, sooner or later something bad happens.
It's more like letting go of the wheel while driving a car. Either way, it's good to have set a stop loss just in case.
  • #505
  • Aug 8, 2016 4:42pm Aug 8, 2016 4:42pm
Real FX traders always use a stop loss. It is simply not in the market at the time of the trade.
If you are good at something, never do it for free--Joker
  • #506
  • Aug 9, 2016 10:46am Aug 9, 2016 10:46am
Im struggling with setting my stop losses correctly at the moment, i had a few good days after switching from virtual account to a proper account. using small investments and not much leverage i was in the green. Twice now i've been caught out by a surge when a pair has moved by a a lot of pips, today it was the EUR/GBP where it went higher than it has for a while, i wasn't sat watching as i thought i'd put more than enough of a gap to keep me in the trade for a while. unfortunately it just a say hit the limit and closed the trade. It's since dropped back a lot and is more where I was expect it to be.

has anyone got any tips for setting Stop losses to cope with such situations? Is it as simple as setting them higher / being prepared to lose a little bit more?
  • #507
  • Aug 9, 2016 3:50pm Aug 9, 2016 3:50pm
Real fx traders do not necessarily use sl all the time. Will recommend any noob to stay away from over-idealized trading/trader descriptions and fetishistic rules, trading is simple and complex at the same time. Real traders win even when they lose money. Think about that and stay under-leveraged, so you quickly can jump on to your next setups on same pair or even better into other pairs there is usually a real big gap between what people do and what they say they do.
Attached Image
  • #508
  • Sep 4, 2016 9:16am Sep 4, 2016 9:16am
Will the real FX traders please stand up, I repeat will the real FX Traders please stand up...We're gonna have a problem here.

Inserted Video
  • #509
  • Sep 4, 2016 3:45pm Sep 4, 2016 3:45pm
I think you cannot put a stop-loss only if you are 100% sure that your rate of work. Cases of obvious situations might be, but they are very rare on the market. Still, I believe that trade without stop loss is an exaggeration, even the most famous investors calculate the risks and put it ahead
  • #510
  • Sep 5, 2016 4:08pm Sep 5, 2016 4:08pm
If you trade with stop loss and have a good win percentage, and small draw down you are a genius. There are no staight lines in charts only swings. In 1 Hour you are looser now, in 4H you are in good position, in D1 you are at the 50 fibo, and so on. If I would trade with stop loss would already lost all my deposit. It is a long story to explain all in details. But basically money market is a sharks market and they want your money - your stop loss ! That is only one thing they want. So you are always somewhere in a middle of swing in larger TF and more larger TF. And your profit will be hit always. Just think not like a scalper, but like short term investor. If you do what do 90% of traders after reading all staff from everywhere you will loose.
  • #511
  • Sep 5, 2016 4:13pm Sep 5, 2016 4:13pm
Just draw horizontal line somewhere in middle of a previous monthly candle and go down to smaller charts. You will see the reality, how many times your profit was hit
  • #512
  • Sep 6, 2016 1:41pm Sep 6, 2016 1:41pm
Such a good and interesting method you mentioned above. It suggests to some thoughts! it will be necessary to test and see that what did I pass! zerrow-demo thank you for very helpful and useful advice! That’s why I love to read and participate forums like that. Always something to learn.
  • #513
  • Sep 12, 2016 11:12pm Sep 12, 2016 11:12pm
If a strategy is a losing strategy, it is very likely that by reversing it, that it still will be a losing strategy. Random calls reversed stay random calls
  • #514
  • Sep 13, 2016 5:57pm Sep 13, 2016 5:57pm
Quoting Parabaj
Such a good and interesting method you mentioned above. It suggests to some thoughts! it will be necessary to test and see that what did I pass! zerrow-demo thank you for very helpful and useful advice! Thats why I love to read and participate forums like that. Always something to learn.
It is not a strategy it is just an example. You want always to put everything on plate, here SL, there TP and so on. But this example works better
than 90% of traders do. If you think a bit deeper.
  • #515
  • Sep 14, 2016 5:28am Sep 14, 2016 5:28am
Quoting MoggyLTC
Im struggling with setting my stop losses correctly at the moment, i had a few good days after switching from virtual account to a proper account. using small investments and not much leverage i was in the green. Twice now i've been caught out by a surge when a pair has moved by a a lot of pips, today it was the EUR/GBP where it went higher than it has for a while, i wasn't sat watching as i thought i'd put more than enough of a gap to keep me in the trade for a while. unfortunately it just a say hit the limit and closed the trade. It's since dropped...
I had practically the same situation, on the demo account everything seems easy, but on real one not.
I would be glad if someone experienced gave a piece of advice on that.
  • #516
  • Sep 14, 2016 11:49am Sep 14, 2016 11:49am
There needs to be at least a mental stop loss. You can't be a good trader without some sort of stop
  • #517
  • Oct 5, 2016 5:39am Oct 5, 2016 5:39am
''Mandatory" is putting it too strongly, I think. There are a lot of successful traders out there who don't use it. However, I still do think it's a good idea to use it more often than not.
  • #518
  • Oct 5, 2016 3:09pm Oct 5, 2016 3:09pm
now, in forex there is stop hunting, we could get in to this subject if you want. but to me a physical stop is a bad idea.
for black swan events, i am confident i can rescue the position, on a retrace
  • #519
  • Oct 14, 2016 6:32am Oct 14, 2016 6:32am
What is stop hunting, actually? The spikes that occur during high-impact events?
  • #520
  • Oct 14, 2016 1:55pm Oct 14, 2016 1:55pm
Quoting Commander
Will the real FX traders please stand up, I repeat will the real FX Traders please stand up...We're gonna have a problem here. https://www.youtube.com/watch?v=Y4noz_tv1ok

There are no real FX traders. Whatever you read or hear or watch is all half lived and half lied at best.
2 traders viewing now