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Trading without stop-losses

  • #681
  • Mar 8, 2017 2:58pm Mar 8, 2017 2:58pm
Quoting joldas
Hello, every one! i have a question that anyone trade without stop-losses, and successed? Trading without stop-loss can be done? has any opinion, plz comment here? thanks.
In my experience i found that trading without a stop loss is a bad idea. i usually aim for 3 to 1 win loss ratio, and risking a loss maximum of 1% of my total capital.

If you are trading and something news worthy happens and the price shoots in the bad direction for you, you wish you had a stop loss.
  • #682
  • Mar 8, 2017 11:06pm Mar 8, 2017 11:06pm
Trading without a stop loss was very worried, because the stop loss will help to limit the risk in accordance with the analysis that has been done. and if it is not maximized in the placement of the analysis we can do in running trading well in a demo account in order to escape the risk and can hone and improve trading
  • #683
  • Mar 9, 2017 7:57am Mar 9, 2017 7:57am
It can be tempting not to use stop but loss can be huge if something happens over night when you are not there to close trade.
  • #684
  • Mar 9, 2017 10:12am Mar 9, 2017 10:12am
Quoting Reformation
Anyone not using a stop loss is asking for trouble. I cant understand why you wouldn't use one?
I dont use stop loss becouse sl will eat me piece by piece
3Some Candle TacticaL
  • #685
  • Mar 10, 2017 7:17am Mar 10, 2017 7:17am
Quoting Mozak
{quote} I dont use stop loss becouse sl will eat me piece by piece
That’s the one problem when using SL – it’s hard to place it properly so that wouldn’t happen.
  • #686
  • Mar 10, 2017 9:30pm Mar 10, 2017 9:30pm
I only trade whith Mental SL, i dont like my operations to being stoped at a specific price, i close my operations when price actions tells me that its over, i never let my positions open overnight.
  • #687
  • Mar 11, 2017 5:18am Mar 11, 2017 5:18am
Quoting RicardoClem
I only trade whith Mental SL, i dont like my operations to being stoped at a specific price, i close my operations when price actions tells me that its over, i never let my positions open overnight.
Aren’t you worried about random spikes that could occur too quickly for you to close your positions?
  • #688
  • Mar 11, 2017 8:36am Mar 11, 2017 8:36am
I will open a thread about my strategy wen i can, i still a junior member as i'm new to the forum,
i trade full time, i'm in front of my computer for about 15 hours a day. I'm not worried about spikes, they usually dont take longer and MOST of the times they dont reach my mental stop loss , my mental stop loss was most of the times about 200 pips.

It cant be dangerous if you can't control your emotions to close a position.

I trade the daily charts.
  • #689
  • Mar 11, 2017 12:25pm Mar 11, 2017 12:25pm
Quoting karmostaji
Trading without a stop-loss is like committing suicide
That is true if you are talking about open a position and let it run forever untill it gives profit, someday it will not comeback and yes, you are dead, otherwise you are wrong, FOR ME the mental stop loss is MUCH better than Fixed Stop-Loss.

If you open a trade and dont place a SL, you should be fully focused, to be able to close your position when price tells you that you are wrong, you should be able to control your emotions very well.

If you dont place a SL and go to dinner at the restaurant, then yes , it's suicide.
  • #690
  • Mar 11, 2017 1:18pm Mar 11, 2017 1:18pm
Quoting nanningbob
{quote} One of the problem with traders is they get a thought in their brain and they cant think it could be any other way. I post my trades every day at FF factory. Here are my results over the last 10 months. You do not have to use SL to be successful. You do have to have a plan however, I did not become a successful trader until I threw out all these rules you were suppose to trade by. I dont use SL and I dont follow the trend. Here is my success story. I post my trades every day before I take them so everyone can see. I have not committed suicide...
I really agree with you, if you want to be sucessfull you need to be open minded, you need to do things in your own way, and i do exactly the same, i dont place a stop loss and i dont follow the trend and im profitable for over a year, i hate when people think that they system is the best and nobody can't be sucessfull if they dont do like them.
  • #691
  • Apr 17, 2017 4:43pm Apr 17, 2017 4:43pm
Basically stop loss help traders to protect capital not to get high reduce when they are open wrong positions. However it difficult to point out the best stop loss level. It makes many traders to do not set stop loss and choose to use manual cut loss. If traders have time to monitoring trades , no problem if they are conduct manual cut loss. But if traders have no time to monitoring trades, better if use and set stop loss tool.
  • #692
  • Apr 20, 2017 4:23pm Apr 20, 2017 4:23pm
Trading with putting SL is very important because the SL then we will be able to minimize the risks of forex properly ,

therefore we should always use SL when trading. To put stop loss when trading, I prefer to put SL 5% of the capital. So that the losses incurred are not getting bigger.
  • #693
  • May 11, 2017 9:40am May 11, 2017 9:40am
Quoting JamesFaulkn
Trading with putting SL is very important because the SL then we will be able to minimize the risks of forex properly , therefore we should always use SL when trading. To put stop loss when trading, I prefer to put SL 5% of the capital. So that the losses incurred are not getting bigger.
  • #694
  • May 12, 2017 8:28am May 12, 2017 8:28am
Question - do any of you have the urge to move your stop loss when you see the price approaching it?
  • #695
  • May 12, 2017 11:43am May 12, 2017 11:43am
Quoting mlawson71
Question - do any of you have the urge to move your stop loss when you see the price approaching it?
others might can tell u, but me.... i dont know, i never use sl hehehe
3Some Candle TacticaL
  • #696
  • May 29, 2017 9:59am May 29, 2017 9:59am
Quoting mlawson71
Question - do any of you have the urge to move your stop loss when you see the price approaching it?
I would say that this is what 90% of people do and that is why their loses are far bigger than winnings. That was also my point in one of the threads from before, people lose their money on waiting for price to return in their favor, but they end up loosing even more money due to poor risk management.
  • #697
  • May 29, 2017 6:22pm May 29, 2017 6:22pm
Quoting Mozak
{quote} I dont use stop loss becouse sl will eat me piece by piece
I question how you risk reward can be managed when you S/L is not being enforced?
  • #698
  • May 29, 2017 11:17pm May 29, 2017 11:17pm
Whenever I enter a trade I put my stop loss and take profit at the same time and never risk more than 2% of capital. Trading without a stop loss seems more like gambling than trading
  • #699
  • May 30, 2017 4:54am May 30, 2017 4:54am
Quoting thepiphunter
{quote} I would say that this is what 90% of people do and that is why their loses are far bigger than winnings. That was also my point in one of the threads from before, people lose their money on waiting for price to return in their favor, but they end up loosing even more money due to poor risk management.
I agree, it's a very bad decision to do that. It's important to stick to one's plans.
  • #700
  • May 30, 2017 5:45am May 30, 2017 5:45am
Trading without stop loss. Using stop loss is the fundamental of risk management. So that when the market goes against your position, you will not end up blowing your margin in big losses.
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