When we can trade without stop loss?

Bordux

Recruit
Messages
45
Short answer is - never trade without SL and I'm sure many more people will agree. Some people (including me) use SL to get feedback from the market to know whether the setup was right or wrong. For example I'm a price action trader, if I see a "pin bar" I put my SL just above high (or low). If my SL is hit I immediately interpret this as market telling me "hey, this setup is invalid, market does not want to go that direction!" However you really want to include a method to trail your SL into your trading plan. That way you might exit the position at break even or some profit in case market turns against you. There are many ways to trail your stop, look them up and pick one that looks nice.
 
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margin

Private, 1st Class
Messages
53
How much good you can get in managing your funds? For example if you have a buy on EU at 1.2000 how long can you hold it if you haven't use any SL? The answer is simple, don't trade without SL.
 

nahiyar

Private, 1st Class
Messages
764
You can trade even without stop loss , For i t you need to be more conscious and active mind. Any market move can change your results. With high targets it is advised to use stop loss because you wait for market rise and forget the reversal of movement.
 

hitfx

Corporal
Messages
164
Going without stop loss required deep understanding of market and years of experience. We use SL when we are uncertain of market movement but an experienced trader will know that market will return to normal and can hold positions without using SL
 

Ty_jowe

Recruit
Messages
6
Stop loss is used by many and even experienced traders. Someone do not use that all, but why? That is personal I think or the way to show how cool you are.
 

Bordux

Recruit
Messages
45
Honestly, I've never seen an experienced trader with years of experience not use a stop loss; most of them preach that you should never expose yourself to the market without one.
 

Froso@FXNET

FxNet.com Representative
Messages
395
You can trade even without stop loss , For i t you need to be more conscious and active mind. Any market move can change your results. With high targets it is advised to use stop loss because you wait for market rise and forget the reversal of movement.
I've trade not use stop loss and when price move againts my position i just hope and hope the price will reversal movement to my position again . but almost of times its not happen , eventually my account get stop out . So from that if trade not use stop loss , sooner or later have high possibility to get stop out
 

Whitesnake

Corporal
Messages
428
The only way of trading in the forex market without the use of stop loss being places and there is requirement of good account management as well, keeping all these things mind, one can actually set a mental stop loss for which the person needs to be monitoring the trade such that when they reach certain loss level they may close the trade.
 
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