successful trader that already has a lot of variety of experience possessed. So to be able to run the trading well we run it try trading with learning run on maximizing trading skills to make it more tangible success obtained
successful trader that already has a lot of variety of experience possessed. So to be able to run the trading well we run it try trading with learning run on maximizing trading skills to make it more tangible success obtained
I still think its a possibility, depending on the accounts and its doable, and at times i do make quick trades on my hotforex account with no SL set. depending on the situation, its not like we have to choose only one of two (with or without SL) we can always do both, we always do what can be done to make a profit
Generally, it’s not possible! But, if a particular trader is use to trading without SL because of his/her preferable strategy then, it’s okay! Personally, I know more than 15 successful Forex trader and all of them are using Stop Loss trading tool in their trading! Yes, I am also using SL in my trading!
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Joined Mar 2017
|304 Posts
Professional Forex traders use all of general trading rules! So, generally they use stop loss and take profit trading tool! Trading without stop loss trading tool means, taking 100% risk in every trade position, that’s really unrealistic!
I think traders must have always have some SL , mayby very big or with big R:R but it's must be ! We have sometimes some problems or breaks when we can't looking charts and it can broke our accounts.
"The essence of Discipline is that there are no exceptions" - Jack Schwager
I think traders must have always have some SL , mayby very big or with big R:R but it's must be ! We have sometimes some problems or breaks when we can't looking charts and it can broke our accounts.
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I agree on principle, but I think it is also important to remember that one has to know how to place the stop loss so it will be useful. A poor placed stop loss only leads to more losses.
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Joined Mar 2013
|200 Posts
Usually, when a stop is triggered, and a price is moving as forecast by the trader, he or she begins to not like stops. They think that “if a price is coming back earlier or later what is the purpose of those stops?” There are lots of strategies, including some of those that are on sale, which work without stops. There are also profitable strategies without stops that give good results, even for several years, which can be created very quickly., It is much more difficult to create a profitable strategy with stops.
Ive traded with and without stop loss. Ive had success with both. Ive noticed that personally when I traded without a stop it was mostly due to the fear of losing an opportunity or trade. There is nothing like having a position go 100 pips against you due to no stop lol. I now trade with a stop loss. I win some and loss some. If you are going to trade with no stop be sure to be watching closely and have a mental stop.
Hey guys, I think it's my first post since some weeks after the first time joining this forum. I want to know if someone ever knew or met traders WITHOUT stop loss who are successfully winning their trades. What do you think? George soros, or traders less popular than him...
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I know few pro traders so closely, and all of them are using stop loss trading tool in their trading.
Joined Sep 2017
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Status: Trend Following,Price Action,Grid
|2,440 Posts
I trade without stop loss because I only trade when I'm very much sure that I am following top down trend following trading and incase if it goes against me,i know the price will come back to this level again and if it has gone too far,i wait it to come nearer to my position to minimize the loss and then only I close the losing trade with minimum damage instead of placing SL and losing big amount.I know many traders will disagree with my approach because the Stop loss idea is fed in our minds from the first lesson of trading until the last day of trading HAHAHA.This is very true as well that you have to have big account to sustain the losses for a week or 10 days(This is called patience in trading right?) But I find my strategy of exiting a losing trade is suitable for me.
Hey guys, I think it's my first post since some weeks after the first time joining this forum. I want to know if someone ever knew or met traders WITHOUT stop loss who are successfully winning their trades. What do you think? George soros, or traders less popular than him...
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Personally I didn't meet any successful traders, but I think stop loss is a major factor for your trade. The market can be tricky, and some times you can be wrong about your decision which can make you loss hell of a cash. But also it depend on lot size and margin(leverage) and how much is in the account. However stop loss can save you from a disaster or it could make you loss a small cut before correction.
I would love to hear how you do risk management without stops
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The best thing I can come up with is either full manual trading or fully automated trading. But neither accounts for the loss of internet or server connection.
