Trading without stop-losses

I find it annoying when traders think their way is the only way to trade. I may be a newb but you only need eyeballs to realize there are infinite ways to trade. THERE IS NO RIGHT OR WRONG WAY AS LONG AS IT MAKES YOU MONEY. I look at it more as an art than a science... After trying many systems I finally found one that works for me. I call it 'Dynamic Range Trading'. Ive altered it to not use HARD STOPS but instead my SL and TP are always the same... at the opposite end of the range. That may be in profit or loss it doesnt matter, once it reaches the other end Im out. And of course the range changes based on market conditions. It works for me and thats all that matters. So if stop losses work for you SWEET, but there are other ways!

i dont use stop losses. see my explorer

Trading without a stop loss do not will not succeed in running any forex trading, because it will fear for the price reversal is not required. For that I always put a stop loss at the time of the open position

Depends on your style, I trade tick chart, I am in and out in a matter of seconds sometimes minutes, constantly monitoring the trade, if it turns you simply get out. Nothing but market orders. If you trade longer time frames then yes a stop is highly advised just my .02 though

I'm brand new to fx trading and this website so I can't create a new thread with my question. I think this topic is pretty close to my question but if not then I'm sorry about the derail.

I didn't realize the time on Friday and didn't close out my position on time. I also do not have a SL or TP set. I'm using "Think or Swim"... I didn't spend too much time on a demo account because I have a tough time learning when there's no risk. I tried it for a few days and leveraged this shit out of every trade knowing there was no downside.

Anyways, this is probably pretty irresponsible trading but I have a total 8k USD forex account and have 2 lots of EUR/USD and 1 lot of USD/JPY. How can I minimize my risk @ market open? I'm in California so I'll definitely be awake when it opens @ 11PM PST tonight (I hope I have the time right...)

Thank you,
AA

I see custom age (which very bad sign) and ~50% drawdown on open trades.

Thanks for mrhb30jr and mecrandie shared your method.
subscribe.

if u want to trade without SL then only do trade in trends .never go against the trend

Trading without a stoploss is like playing russian roulette alone,at some point you will blow your brains out.

Trading without a stop loss would indeed be very dangerous for us, because of the presence of high risk we should be able to do a study to overcome in order to survive in the forex trading business

The problem is that if you don’t know how to place a stop loss properly you’re doing something similar anyway.

in putting a stop loss must be accurate in order not vain, or we can do the first in a demo account to learn gradually to success can be achieved. the desired each forex trader in running this Traidng want success

This is such a source of confusion but it's rather simple actually,

If you really think you should be using a stop loss then it means you are trading your equity and not the market.

Forex is a business that has a high risk then of why we need to be able to have upon ability to analyze well to profit easily obtained. and must always use a stop loss is needed as a safety for our account.

Please, check explorer again. i used custom age because that was when i started implementing my new trading strategy. cheers

I trade without SL, but only if I watch constantly.

Hi ALL,

Depending your strategy, with SL or without SL as long as the strategy could be making profit .....
Recommended for the higher TF above 1Hrs
Here is one of example H4 GBPUSD without SL ...

1st SELL, 2nd Buy, 3rd SELL = Close 2xSell - 1xBuy ..
4th Buy, 5th Sell 6th Buy = Close 2xBuy - 1Sell



Relax Think which strategy you are ...

while running trade without stop loss it would be very dangerous, because the risk is very high that it will be cause fail to execute his trades. With that I was always to do to put a stop loss to better target the risks in order to survive in forex

Stop loss, take profit and effective risk management is needed to manage our trades efficiently without making losses.

Anyone not using a stop loss is asking for trouble. I cant understand why you wouldn't use one?