Trading without stop-losses

Pharaoh

Colonel
Messages
19,691
Very low leverage carry trades can be done without a SL. The drawback is all that interest you've been collecting can get wiped out by a trend running against you, turning your perfect money generating machine into a medium sized loss.
 

navyseal

Private
Messages
291
Sometimes when I see a 90% situtation that my trade would go TP, I trade without Stop Loss. And I will watch it carefully, if market goes reserve, I would cut it manually.
 

Pharaoh

Colonel
Messages
19,691
Sometimes when I see a 90% situtation that my trade would go TP, I trade without Stop Loss. And I will watch it carefully, if market goes reserve, I would cut it manually.
What happens if you lose your internet connection just before Ben Bernake or one of the other banking bigwigs comes out and makes a HUGE surprise announcement?

Under those conditions, people with SL will likely suffer from painful slippage. People without a SL could end up losing hundreds of pips if a margin call doesn't shut them down first.
 

navyseal

Private
Messages
291
What happens if you lose your internet connection just before Ben Bernake or one of the other banking bigwigs comes out and makes a HUGE surprise announcement?

Under those conditions, people with SL will likely suffer from painful slippage. People without a SL could end up losing hundreds of pips if a margin call doesn't shut them down first.
Thanks for your advices but I see it rarely happens, and if it happens on me, I will lose some money. But as I know Forex is a complicated market and after many losing trades. I always trade with minimum volume, so a lose trade couldn't burn my market.
 

Red Herring

Corporal
Messages
388
What happens if you lose your internet connection just before Ben Bernake or one of the other banking bigwigs comes out and makes a HUGE surprise announcement?

Under those conditions, people with SL will likely suffer from painful slippage. People without a SL could end up losing hundreds of pips if a margin call doesn't shut them down first.
So far I know, placing SL does not cost anything! If still people want to go without it, let them Pharaoh...
 

FringFX

Sergeant
Messages
391
Very low leverage carry trades can be done without a SL. The drawback is all that interest you've been collecting can get wiped out by a trend running against you, turning your perfect money generating machine into a medium sized loss.
Good point, Pharaoh.

It really must be accompanied by a good enough strategy.
 

FringFX

Sergeant
Messages
391
What happens if you lose your internet connection just before Ben Bernake or one of the other banking bigwigs comes out and makes a HUGE surprise announcement?

Under those conditions, people with SL will likely suffer from painful slippage. People without a SL could end up losing hundreds of pips if a margin call doesn't shut them down first.
i dread losing internet connections! it makes me crazy!

I've experienced it a few times before, but most of those instances I had SLs on.
 

FringFX

Sergeant
Messages
391
Thanks for your advices but I see it rarely happens, and if it happens on me, I will lose some money. But as I know Forex is a complicated market and after many losing trades. I always trade with minimum volume, so a lose trade couldn't burn my market.
which broker do you trade with? what is the minimum trading volume?
 
Top