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When we can trade without stop loss?

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

  1. Vlad_Vahnovanu

    Vlad_Vahnovanu Private, 1st Class

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    hm.. but why don't u want to use stop-loss?
     
  2. dianajs

    dianajs Private, 1st Class

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    Some people prefer to avoid stop loss because if it's not placed properly it can just lead to more trouble than solve a problem. It really depends on the trader.
     
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  3. Vlad_Vahnovanu

    Vlad_Vahnovanu Private, 1st Class

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    I did'nt think about that. Thanks for explanation
     
  4. dianajs

    dianajs Private, 1st Class

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    You're welcome. I think it's important to be mentioned that the stop loss is usually used as a calculated part of a planned strategy, rather than just randomly placed.
     
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  5. Vlad_Vahnovanu

    Vlad_Vahnovanu Private, 1st Class

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    Yes, sure, and since I was used to trading only using strategies and risk managment, the absence of stop-loss surprised me :)
     
  6. Addam

    Addam Recruit

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    That’s a very very risky proposition. It is very tempting to stay put, just a little more while, waiting, hoping the trade to reverse. However, more often than not, that remains elusive. A successful trader needs to have lot of discipline and the first rule of trade is set your risk appetite.
     
  7. Morten

    Morten Corporal

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    Point taken. Yet, that is still not a good enough reason to not put a stop loss. Proper placement of stop loss would come with experience. An in-depth analysis of charts would gradually help you master the art of putting stop loss. And rest assured, it would not lead to more problem than it can solve.!
     
  8. nahiyar

    nahiyar Private, 1st Class

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    Yes just use stop loss will not help , trader should do practice when how and at how many pips he can use this tool to get its benefits. This tool saves you from big loss but not proper placement will cause a loss when you use it without good analysis . It will hit and cause sure loss. trading to your side will not hit SL then one can get pips from trading.
     

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