Thread: Trading without a stop loss!

I don't understand how to trade without stop loss but I have seen that there are many traders that are really trading without SL and earning cash also. Nonetheless, it is risky so will not suggest everyone to trade without SL.

Originally Posted by ;

I never used stop loss, maybe is bcs I allways bankrupt my accounts

If a person does not use Stop Loss properly they might end up draining their accounts anyhow, just over a longer time period.

I used stop loss, maybe is bcs I allways bankrupt my accounts

Trading without stop loss it will be Risky in the price Change that will happen, Particularly in Novice trader it is very that should be noticed in Conducting the trade is always the installation of stop loss Together with the Appropriate to the risk Could be in the Limitation

Originally Posted by ;

within this explosive trading place devoid of stop loss you trading condition could be like a boat in an ocean with no rudder. So its inevitable part of trading. We have to set stop loss based on previous support and resistance level. However, any sort of egy has distinct principles in point out stop loss level. Some traders decide to utilize manual reduction loss. And doesn't use stop loss instrument. Since they are implement scalping technique and always monitoring the trade.

Personally, I think having a stop loss is similar to trying to sail together with the anchor down. Largely I've stopped reading this thread as it sounds dominated by short-term thinking. If you own scalp, use a stop loss or see the position. Should you trade longer term then would you would like to shut your position following a favourable motion or unfavourable? Stop loss is not the only risk management instrument and also IMO not the best one.

In this volatile trading spot devoid of stop loss you trading state could be as like a boat in a sea with no rudder. So it is an inevitable part of trading. We have to set stop loss based on previous support and resistance level. However, any sort of egy has rules in point out stop loss amount. Some traders choose to use manual reduction loss. And doesn't use stop loss instrument. Since they are execute scalping technique and constantly monitoring the transaction.

We should control our emotions so that the trading was run with the maximum, with a good positioning in its market and analyze the market well then we should seek out a wider insight into Foreign Exchange trading

I Believe one of the most important things to Understand is to Not move the stop-loss - If You've Got a egy and have placed the stop-loss for a reason dont Hesitate to move it Only because you think the market will Return in your Favor

Sure, brokers that allow hedging love it once you start a market order on a currency pair you are currently in a buy position ( or vise versa).
In this superb wisdom you are only done the specific same thing as shutting out your initial position - except you have also paid your broker another commission/spread for having a defunct position that's sucking on a swap rate from your balance daily.

Originally Posted by ;

Yeah...! I do like the stop-loss egy, it's the best way to manage the risks of losing and also the best method to restrain our trading in any circumstances.

Well,
how about all those stop hedge orders? [stop order - reverse to opened order ]

Could it replace SL?