Trade with or without a stop loss!
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  • #556 Collapse

    i don't use stop loss too
    but i'm not loser i use hedge and believe that stop loss just wasting money
    always the market moves to hit the stop loss then back again
    but hedge is better
       
    • <a href="https://www.instaforex.org/ru/?x=ruforum">InstaForex</a>
    • #557 Collapse

      what do you mean by a locking strategy? what exactly does that mean and how do you do that? Is it another term used for hedging?:S I did not hear of that term before now...
         
      • #558 Collapse

        for me no stop loss , how many time the price hit your stop loss then back again to your take profit
        i think as long as you follow the major trend you don't need to use stop loss but you need to use good money management plan
        with hedge if you want
           
        • #559 Collapse

          locking technique is strongly associated with protecting the value for this technique in use during a transaction loss, and floating and then this technique is done by opening the opposite position to lock in the open transactions before
             
          • #560 Collapse

            good point of view in trading. but I'm still confuse if there is any safe way to lock the loss.
            and how you open the lock and bring a position result ?
            I think locking technique use to keep the margin, rather you cut it and directly decrease your capital. you try to lock the position and safe the margin. it is true ?
               
            • #561 Collapse

              Yup, I agreed that using stop loss is really need especially in high volume market hour.
              but we need to figure out how many SL we need to put if its too near with the price sometimes its hit and going to our OP direction.
              and start to messy our psychology part that we no need to put stop loss again next time.
                 
              • #562 Collapse

                do u think ppl will follow ur signal without any proper reason given by u. and also trading without putting any sl or targeted sl point is simply suicidal way of trading. this will not help any trader in long run and also it should be avoided by all traders.
                   
                • #563 Collapse

                  yes better you learn and stop loss can be helpful to know and set how much you can afford to loose or you can set break out points where you can think trend can change so there stop loss can really help you.
                     
                  • #564 Collapse

                    my maximum stop loss is 10 pips. stop loss is must for every trading. trading without sl is dangerous to your health, as it increases heart beats when there is no SL.
                       
                    • #565 Collapse

                      Very good, but you are risking your money. Must be verified by technical analysis and news and indicators used to lead to profit or to use a stop loss order not to lose capital
                         
                      • #566 Collapse

                        So what about the heart beat when you just set 10 pips SL and the price hit it in next 10 minutes. I think you should be using a bit higher SL, probably at least 25 pips to give your trades better chance of being active.
                           
                        • #567 Collapse

                          nice stop loss number. and really a small stop loss for me.
                          can you please advise which time frame you trade ?
                          and which pair do you trade ?

                          I think to put stop loss number, we need to know the pair.
                          if volatile pair like GBP/JPY, we need to put more than 10 pip. since the spread itself already 7 pips.
                          and movement of this pair have more range than trading EUR/GBP.

                          cheers
                             
                          • #568 Collapse

                            adjust the system you use, the smaller the better TF.
                            but do not get hit Sl more often than TP. if SL is often touched it means you have to fix the system,
                            or make SL more broadly.
                               
                            • #569 Collapse

                              I think scalpers and experienced traders can trade without the use of stop loss , I have personally tried it in the past , I was in a trade , suddenly there was problem with my internet connectivity,it took about thirty minutes to restore,when i was finally back the trade went against me with about 80 pips
                                 
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                              • #570 Collapse

                                No one needs to tell a trader to trade with an SL when they are trading. The forex market has a way of teaching us how not to make mistakes and also how to correct it at the appropriate time.
                                   

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