1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

When we can trade without stop loss?

Discussion in 'Beginners Bootcamp' started by navyseal, Jul 31, 2015.

  1. EURUSD

    EURUSD Sergeant Major

    Joined:
    Mar 3, 2015
    Messages:
    1,120
    Likes Received:
    44
    Trading without stop loss, I have read some trader they dare without stop loss, when trading on demo account, because has large capital and also follow ,major trend, but on real account for me still always using stop loss, due not always can analyze trend properly due market very dynamic and unpredictable
     
  2. bigdolly

    bigdolly Sergeant Major

    Joined:
    Oct 21, 2013
    Messages:
    804
    Likes Received:
    56
    I don't use stop loss when trade with less than 0.05 lot. I have large enough deposit to withstand even big moves.
     
  3. dianajs

    dianajs Private, 1st Class

    Joined:
    Dec 9, 2015
    Messages:
    778
    Likes Received:
    41
    I almost always use stop loss, regardless of the lot I am using. At this point it's more of a matter of habit than anything else.
     
  4. William Barnes

    Joined:
    Nov 28, 2017
    Messages:
    75
    Likes Received:
    5
    Yes of course you can trade without stop loss but it won’t be wise. Because, forex is a highly competitive and risky market area. So as a trader I always try to use necessary risk management techniques so that I can at least avoid unwanted losses. As we all know that risk can’t be fully eliminated and to earn good money you obviously have to bear some risks. Stop loss a risk management technique, specifies the point of entry price (buying price or selling price) so that the losses can be minimized at that level.

    Stop loss order is set by the trader as per his own capacity to bear loss. I prefer trailing stop instead of stop loss since it provides me opportunity to keep my losses minimum while allowing the profit to move with the price movement.
     
  5. nahiyar

    nahiyar Private, 1st Class

    Joined:
    Jul 30, 2011
    Messages:
    694
    Likes Received:
    35
    Stop loss is very important tool I never did trading without it. It is my routine to set SL at pips that are appropriate to bear loss. Trader feels confident by using this he can easily manage risk because he set it where capital allows him according to lot size. Trader need to trained himself by doing different experiments .
     
  6. EURUSD

    EURUSD Sergeant Major

    Joined:
    Mar 3, 2015
    Messages:
    1,120
    Likes Received:
    44
    Yes for some trader using stop loss is required to manage money but also they will set on reasonable target, sometime I am trade without stop loss but will look on certain point if order and the trend is not one direction, I will cut loss manually, but another account I am use stop loss because I am trade on several account
     
  7. alaska27

    alaska27 Recruit

    Joined:
    Sep 8, 2015
    Messages:
    163
    Likes Received:
    8
    I wouldn't advise trading stop loss at all, afterall that way you're exposing your money to enormous risk. It can't be used only by those who use scalping.
     
  8. EURUSD

    EURUSD Sergeant Major

    Joined:
    Mar 3, 2015
    Messages:
    1,120
    Likes Received:
    44
    Soemtime not all trader will dare to trading without stop loss, if they look floating loss on large number pips, it could making them too much fear and then panic, but if already having long time experience trading without stop loss, although facing floating loss still enjoy
     
  9. Alice Stewart

    Alice Stewart Recruit

    Joined:
    Feb 11, 2018
    Messages:
    2
    Likes Received:
    0
    Hi, I just found a good channel and video regarding to this topic. , please share your idea. Sharing is caring.
     
  10. Anthony23

    Anthony23 Recruit

    Joined:
    Dec 23, 2017
    Messages:
    75
    Likes Received:
    6
    I don't see the point of trading without SL. It's a very risky trading. Why would anyone need it? Anyone enjoys sitting at the computer for 24 hours? Or it's some source of drive? I don't get it.
     

Share This Page