Trading without stop-losses

I can only speak for myself, but that random spike or "flash crash" that happened recently on the GBP pars made me even more cautious about trading without a stop loss.

This idea of trading without a stop loss is just asking for trouble.

no bueno.

trading without stop loss is likely to burst your account.

Trading with poorly placed stop losses can also burst your account. I am very much in favour of using a stop loss, but one must know how to use it properly if they want it to be a useful tool in controlling their trades.

I currently trading without stop loss in daily TF and with lowest leverage ( eg: 1000 USD account I trade 0.01 lot size, mean 1 pip 0.1 USD) and will do hard stop loss if the price against my trade. I feel quite comfortable and quite good profit I love this trading type. Therefore, you can trade without stop loss with lowest leverage, with high leverage your account will blow soon.

use stop loss on trading account must we do, and with my trading account, I can be better controlled better at managing risk in forex trading. and be optimized for a more optimal result.

But have you ever tried it? Properly?

Reduce trade size to a reasonable amount, wait for signal in a direction and trade.

Even a small trade size can hurt if there is an unexpected high impact news event that causes a big spike. A stop loss can protect you from that, if it's well placed.

I wish people would stop these FUD statements about black swan/NEWS events. Ok, don't put all your eggs in your trading basket. Trade profitably without stops week after week, continually removing % profits...pretty simple.

I did not get noticeably profitable until I stopped the stops. Period. Nothing else really changed in my trading activity other than also not overdoing trade size (too many lots added on, making a trade group top-heavy and prone to heading to BE too quickly on reversal/retrace). Strategy remained virtually the same, but it takes more effort to trade without them, as you really get a much better feel for the market/price movement. (Edit: Maybe 'more effort' isn't the right phrase...more sense of where the price is and watching lower and upper TF's to gain a consensus when signal on your trade TF triggers.)

Additionally, if you feel too nervous about trades without stops, then reduce the trade size until you don't feel like that. ;-)

That's it. Put on a small trade, watch the market move and slip and drift (up/down/sideways) and get a feel for it. Cover with partial hedge if you can sense the market has now turned against it and work it out the other side. Or pause it and get other trades to become profitable enough to profit AND offset this hedge/loss/losing trade. Ranging markets are great for getting back out...and trends just mean it can take a bit longer to reverse a trade and take and overall profit from the 'other' side.

Trading without a stop/loss is the trader's equivalent of Russian Roulette. You get lucky, you live another day, you get unlucky and you get wiped out. Don't do it outside of demo.

I just open new acc and w'd trade withouth stop loss but hedging if needed. My acc will only available in one colour, green or MC

Hey mates,
Simply put – trading without SL is accident waiting to happen. Every trader should apply some risk parameters and SL is one of the fundamental ones and those who do not use it should be classified as adrenaline junkies

Of course it must be patient and from time to time any discipline must also be increased. Without patience, it would be difficult to feel the results of this forex trading. Clearly, whatever the outcome, loss, profit or MC, should really serve as a lesson

Absolutely agree, trading without stop losses is a guaranteed loss and just a matter of time if you use decent leverage

if we are trading without a stop loss, we could have been reckless and ready to be a big loss, but if our analysis is correct, we can be calm and plug Take profit and enjoy the results

So, have you ever done it. Properly?

If not, stop acting like a person telling someone not to fly, or drive, or bungee jump or something because "they" haven't done it and wouldn't do it as its reckless and some people have died doing it!!!

Lets see how long i will survive without stop loss. I'm not hurry up to hunt profit. Pray for me mates on this journey. (Sorry my english was not my native language)

You can trade without SL if you employ a sofisticated money management including hedging.

You should learn how to not use stoploss but know where your exit are . When you trading on ecn , the spread can be very volatile especially during news and asian session where liquidity are low. And just stick with major pair , which is usd pair but dont trade exotic usdpair such as usdtry,usdsek,usdzar etc the spread can go insane too and try not to trade cross pair which is everything without usd on it . Because when you trade cross pair the spread can get even worst .

we have to capitalize on market movements well, choosing a good pair, and indeed in its opening hours, movement of the pair is also fairly quick, if correct in his analysis of the profit to be had in a matter of minutes