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Do you use stoploss?

  • #501
  • Sep 17, 2021 1:07pm Sep 17, 2021 1:07pm
I would always use a stop loss. I work on a strict risk management strategy and calculate my stop loss based on my risk to reward factor. I don't risk more than 5% of my account in any one trade. Also, a stop loss can be useful at securing a profit. As your trade comes into profit you can move your stop loss to secure some pips.
  • #502
  • Sep 20, 2021 9:00am Sep 20, 2021 9:00am
Quoting dean198
I would always use a stop loss. I work on a strict risk management strategy and calculate my stop loss based on my risk to reward factor. I don't risk more than 5% of my account in any one trade. Also, a stop loss can be useful at securing a profit. As your trade comes into profit you can move your stop loss to secure some pips.
Isn’t using trailing sl better, and not risking more than 1 or max 2% per trade ?
  • #503
  • Sep 25, 2021 4:40am Sep 25, 2021 4:40am
Quoting ronald_fsm
Dear traders, I want to ask you questions about trading: 1. Do you use stoploss or not? 2. Why do you use stoploss and why you don't? 3. How many pips do you use your stoploss? thanks anyway
Yes i`m using SL mainly to avoid emotions in trading and because i can`t be 24/7 in front of the charts. SL is calculated differently for every trade.
  • #504
  • Sep 28, 2021 5:08am Sep 28, 2021 5:08am
Stop loss - Yes
Why - this is sound risk management and key to success.
How big - varies for every trade depending on structure of the market
  • #505
  • Edited 2:05pm Oct 13, 2021 10:20am | Edited 2:05pm
I don’t use a stop-loss because:

1. My position is never a factor in my prediction of market direction

2. Brokers will use this information against me, or sell this data to their liquidity providers who will use this information against me. No one gives a crap about my tiny order, but if it’s in the same region as 10MM worth of other retail stop losses, that’s enough to give a sell-side algo a (small) free lunch at my expense.
  • #506
  • Nov 14, 2021 10:00pm Nov 14, 2021 10:00pm
Of course, stop loss will be used, just like why a car needs a brake. The stop loss generally depends on the specific situation, just like the sudden brake can not be used every time when braking. The ideal position to open a position is at the beginning of the trend, then the stop loss point should be set below the previous low point
  • #507
  • Nov 24, 2021 5:38am Nov 24, 2021 5:38am
Stop loss is a useful feature.
Especially if you can't track your open trades 24/7.
  • #508
  • Nov 25, 2021 11:42am Nov 25, 2021 11:42am
1. Do you use stoploss or not?
2. Why do you use stoploss and why you don't?
3. How many pips do you use your stoploss?

My Answers:
1. I use stop losses and sometimes mental stops (But I ALWAYS cut my losses short)
2. I use stop losses to let my winners run trying to get at minimum 1:5 (Risk/Reward)
3. I use ATR (20D) *1,5 on a especify time

But I don't trade FOREX anymore, only STOCKS.
  • #509
  • Nov 26, 2021 4:59am Nov 26, 2021 4:59am
You can't go anywhere without it!
  • #510
  • Nov 26, 2021 9:18am Nov 26, 2021 9:18am
As for me, I always use stop loss.
I personally cannot leave the deal without any control and using stop losses gives me a kind of a feeling that the opened deal is safe. However, I know that it is not obligatory to use pending orders in trading as they have certain disadvantages which some traders cannot put up with and sometimes they get on my nerves. One of such disadvantage is the fact that they are too precise. I mean that there is nothing sure on the market and there is no warranty that the deal will reach certain point and follow the scenario that you are expecting. This mainly happens when you set a stop loss and the price hits the target but then it goes back according to your plan. Just because of the fact that it hit the target, your deal is closed with a certain loss and the further movement of the price doesn't affect your budget in a positive way.
However, there is nothing I can do with it as I don't spend all day long before the computer watching my opened deals. Using stop losses is the only way to prevent my trading from having many losses which will be detrimental to my whole budget.
  • #511
  • Dec 5, 2021 11:46pm Dec 5, 2021 11:46pm
Stop loss is important because most of the times when you feel that you haven’t lost much, you don’t consider how difficult it is to recover the drawdown. The Forex market has the tendency to react violently to any economic news, and if you do not put a stop loss then your losses could escalate to a level where they could endanger your trading capital.
  • #512
  • Dec 6, 2021 5:48am Dec 6, 2021 5:48am
I use trailing stop loss in combination with traditional stop loss as it improves the efficacy of my stop loss. Trailing stop loss is helpful in locking in profits when the price reaches new highs. It won’t immediately trigger the market order rather when the price increases it drags the trailing stop along with it. When the price finally stops rising, a new stop loss price remains at the top.
  • #513
  • Dec 12, 2021 3:51am Dec 12, 2021 3:51am
Quoting alisoncummin
I use trailing stop loss in combination with traditional stop loss as it improves the efficacy of my stop loss. Trailing stop loss is helpful in locking in profits when the price reaches new highs. It won’t immediately trigger the market order rather when the price increases it drags the trailing stop along with it. When the price finally stops rising, a new stop loss price remains at the top.
That`s the second step from using SL and it`s very useful.
  • #514
  • Dec 24, 2021 1:44am Dec 24, 2021 1:44am
No
  • #515
  • Dec 24, 2021 4:15am Dec 24, 2021 4:15am
Quoting Toppi
No
Why?
  • #516
  • Dec 27, 2021 6:46am Dec 27, 2021 6:46am
Stop loss is a must if you care about your money. I use stop loss in each of my trades. Placing a stop wisely is important. If your stop loss is hit early you may lose money and then you will regret if the price comes above that level again. You must consider support and resistance levels to plan your stop loss.
  • #517
  • Dec 28, 2021 4:17am Dec 28, 2021 4:17am
Quoting ronald_fsm
Dear traders, I want to ask you questions about trading: 1. Do you use stoploss or not? 2. Why do you use stoploss and why you don't? 3. How many pips do you use your stoploss? thanks anyway
always set the stop loss for protection. it's the one thing you cannot trade without if you want to be good at this.
just like every other aspect in trading, setting sl isn't easy to do. It takes time and countless attempts to master.
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  • #518
  • Dec 28, 2021 6:35pm Dec 28, 2021 6:35pm
Quoting BinhAutoDat
{quote} Why?
I use this https://www.forexfactory.com/thread/...o-trade-simple
  • #519
  • Dec 29, 2021 2:23am Dec 29, 2021 2:23am
Yes, using a stop loss along with a trailing stop loss is a good idea as it will continue to follow the price if it is moving in your favor, and will stop if it is against you.
  • #520
  • Dec 29, 2021 3:01am Dec 29, 2021 3:01am
Quoting Toppi
{quote} I use this https://www.forexfactory.com/thread/...o-trade-simple
Nice. Thx!
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