When we can trade without stop loss?

bigdolly

2nd Lieutenant
Messages
1,153
You have to always use stop loss because probability of getting harmful event that have potential to wipe out your account is very high when you spend long time in the market.
 

Amina El Mehdi

Sergeant
Messages
143
Simple question - simple answer. Never. You can even use SL to lock some profits from ongoing profitable trade. That`s the way to trade for me.
 

RahmanSL

Major
Messages
2,848
One way to make sure you always have an "SL" is to attach that to the end of your name like I did ....that eliminate the worry whether you use or don't use "SL" in your trades :cool:
 

bigdolly

2nd Lieutenant
Messages
1,153
You have to always use stop loss because probability of facing an adverse event that can wipe out your account is very high given you spent a lot of time in the market (1-2 years)
 

ele020

Sergeant
Messages
196
You can trade without stop loss only when you are present in front of your trading screen,,, Simple and clear.
 

bigdolly

2nd Lieutenant
Messages
1,153
You can trade without stop loss only when you are present in front of your trading screen,,, Simple and clear.
Yeah we can but it's emotionally challenging approach because when you see loss, negative emotions cloud your thinking and you can easily make some mistake like close position early.
 

ele020

Sergeant
Messages
196
Right, trading without stop losses usually affect our trading decisions when the market goes against our trades.
Yeah we can but it's emotionally challenging approach because when you see loss, negative emotions cloud your thinking and you can easily make some mistake like close position early.
 

sarah2701

Recruit
Messages
93
Stop loss is very helpful tool specially for beginners, it makes you bound to trade with a certain risk however its use should be very wise not set it to just some pips that hit very quickly your trading will not make profit for you. It should be monitor properly and change if you feel market is not same as you set SL and it can change your trading results.
Well said, stop loss is the most important tool for the beginners, it bounds you with limited risk but with that you would also know how to use SL accurately so that you can make profit also.
 
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