Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Do you use stoploss? 668 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

Quoting ziggler
what does it means that they don't? i don't think so even the expericned traders do mostly recommend us to trade with just stop loss, if one go into the market and don't carry the stop loss with in hands then for sure most likely would suffer losses.
put a stop loss will have great impact on the trader to better target the risks are not expected, because that does not use stop loss was regrettable if there is a price reversal is not appropriate analysis, and it would be very dangerous
Depends.

Sometimes, I don't use a SL when I'm in front of my computer, or whatever device I do trading on, and stare at my position for the entire time it's open, so that I can close it when I see it doesn't agree with me on where it should go.

Such situations are rare, as I rarely have that much free time. I never, ever traded without stop loss. I only made my SL too low back when I was new.

Trading without stop loss calls for a disaster. Especially when you open a position and leave it.
"Don't lose your cool, and you will fare well".
Quoting diana91
Depends. Sometimes, I don't use a SL when I'm in front of my computer, or whatever device I do trading on, and stare at my position for the entire time it's open, so that I can close it when I see it doesn't agree with me on where it should go. Such situations are rare, as I rarely have that much free time. I never, ever traded without stop loss. I only made my SL too low back when I was new. Trading without stop loss calls for a disaster. Especially when you open a position and leave it.
Aren’t you concerned about losing your internet connection or a computer malfunction? True, those things happen very rarely, but I think it’s good to be prepared just in case. Mostly because it’s happened to me once or twice and it was not a pleasant experience.
Quoting mlawson71
{quote} Arent you concerned about losing your internet connection or a computer malfunction? True, those things happen very rarely, but I think its good to be prepared just in case. Mostly because its happened to me once or twice and it was not a pleasant experience.
Ouch! I completely ignore and never even remotely think of that possibility. But it would be really nasty if that happened.
"Don't lose your cool, and you will fare well".
Quoting Blackship
hi guys, I've heard that pro fx traders who do not use stop losses and this had contributed much controvesy. Anyone who approve or disapprove please comment
I disapprove because without using stop losses I lose my green pips and thus my money must of the time I have 1-3 TP lines and when TP1 is hit I drag my SL line to the entry line enz. enz.
Quoting humility
Celebrate when your account survives for a month, celebrate when your account survives more than 2months ...it means you are consistent.....keep celebrating.You can even celebrate it without even letting people know why you are celebrating it so that you do not get distracted. In all, a very simple and humble life will go along way to help you as a trader. Thanks for your attention God bless you.
I really liked your post... I found it not only helpful as a method to implement but as inspiring and motivational. Thanks. I will use it as a secondary plan for trading other pairs than my principal one.
God bless you too..
in carrying out forex trading it must always be to trade with a stop loss menmpatkan always, because a very high risk that is always to be able to minimize the dynamic market to be more entitled to profits in forex
i think i found out why they dont use stop losses
i they arecorrect
notice how some brokers have these sudden spikes which are usually around 50 pips and always its the liquidity that widened the spread out of no where, one theory states its a good idea to actually stick to simply hedge when uncertain but keep an SL when in profit.
I stopped using stop loss a long time ago. There are too many false breaks. And everyone knows where stop loses levels are. Instead I just hedge my losses when I see that there is no chance to recover.
Quoting Explorateur
I stopped using stop loss a long time ago. There are too many false breaks. And everyone knows where stop loses levels are. Instead I just hedge my losses when I see that there is no chance to recover.
for the loss in forex is always to try to learn the mistake, losing in forex is very not expected in forex, it would be better to learn every time in doing as in on a demo account or a contest demo in the learning stages of reaching an expectation that we will get
It is better to use breakeven together with averaging
sl is a must
in the use of stop loss it would be better, because invariably to learn in running trading by not installing a stop loss is very dangerous at risk, for it would be better able to do is to always try to learn as in a demo account to practice running a trade with a stop loss in pairs and to better understand the workings of the forex properly
Pros also have risk software look everything they do and if they have too much risk their trades are closed anyway. they are not at 500 x leverage with a $200 account like the retail trader.
A stop loss is a must and the best invention ever.
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
Quoting michisuperfr
A stop loss is a must and the best invention ever.
Are you talking about HEDGING? Please, explain.
Maadik Hugiis. IQ 69.
Hedging can be a good idea but it's better if we diversify our investment to different avenues then we can minimize our risks, and that is also the purpose of hedging i guess.
Hi I trade with an online prop firm, and I know a number of professional traders. Those trading FX scale into their positions. The more volatile the market the more important it is to scale in. This is why you'll see professional traders in ES scale into their positions most of the time. If they do not have a stop loss on, they will certainly have a mental stop. Professional or not, you will lose sometimes. Do you think it is realistic to leave a trade running against you without any practical limitations? Professionals know when to take a loss
0 traders viewing now