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

    I refused to use the SL as a newbie in the trade because of the fact that i always wanted all my trades to close in positive pips. I paid for it many times and now i know how important it is.
       
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    • #587 Collapse

      good my friend, that's the beauty of time. i can open our eyes of the small mistake that we make so we can make improvement to make it more perfect.
      the two sides are right and wrong people who says you must use stop loss are right and who says no are right also . in my opinion the most important thing in this problem is your lot size it is more important than the s/l .
         
      • #588 Collapse

        yeah i agree stop loss is the best way to minimize our loses after all we are here to make profits so its very essential to limit the loses in order to make more profits. Otherwise a big loss will nullify all our winning trades/profits
           
        • #589 Collapse

          I don't think that I will go for any forex strategy that advise against stop , using stop lose is the best system one can use , because the main factor is protect my account before thinking of how much money I will make.
             
          • #590 Collapse

            that is not the best policy. It is better to have trades that make greater profits than to have a better win percentage. The big picture is what makes the bigger difference.
               
            • #591 Collapse

              Very true, if we used stop loss then we just taking risk of 1 position and if we not using then we taking risk of our account, so dont always think that your price will come back.
                 
              • #592 Collapse

                Very correct. With good position sizing you can decide to do a no stop strategy. But many people here are not ready for such trading style, they see only MC without seeing the reason for it.

                You can trade without SL and WILL NEVER get wiped out. But the knowledge is not for noobs or they will get corrupted by an incurable virus, and to make antibody/vaccine might already be too late.
                   
                • #593 Collapse

                  The question of stop loss or no stop loss has been on for sometime.Well i must stress that never trade without a stop loss as that will be the beginning of your woes on the forex market.
                     
                  • #594 Collapse

                    I think trading without stop lose is a fatal mistake , your account is fully protected when you set stop lose , on the other side , your account will be destroyed when margin call occur
                       
                    • #595 Collapse

                      Maybe, the best way Sonny can do to prevent from Losing, do buy and sell simultaneously. To control measures and more severe. This is the best way for those who do not want to use Stop Loss.
                         
                      • #596 Collapse

                        Going for your trades without putting Stop Loss on them is like a Suicide mission where you are just waiting for your turn to come.One should never carry a trade without Stop Loss as he will suffer losses and may be entire investment can get wiped out in one go.
                           
                        • #597 Collapse

                          Trading without a stop loss is very dangerous. Because one can never predict what can hapen, especially if sudden news were release about the pairs you're trading. Imaging what would happen.
                             
                          • #598 Collapse

                            You want to achieve 85 points without to put a stop loss if you are not a Beginner
                            But you should advise Debutante put a stop loss order not to lose all his capital
                               
                            • #599 Collapse

                              stop loss buhut important chez hai forex trading me and apko ise apni har trade me use karna cahiye because stop loss apke capital ko save rakhta hai null hone se agar market apki trade k oppositive chali jae to
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                              • #600 Collapse

                                yeah I agree with your opinion that if we are not able to cut losses then we should put a stop loss on the trade because this will make us less able to reduce the risk
                                   

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