Do you use stoploss?

Some people use a trailing stop to take them out of a trade when they don't have a specific target. So, on the H1 chart, that figure might be a multiple of H1 ATR(50), for example. I don't do that. I prefer to set a target and when that target is reached, set a fairly tight trailing stop so that if the price volatility increases in my favour, I get even more than I anticipated from it. This sometimes works and it is better than just closing a trade at a take profit level. That is my opinion, anyway.

Those who don't use a stoploss sooner or later (usually as soon as significant money is involved) will stop trading. Denying this fact is like denying gravity.

Yes, I use one
I use stoploss for the simple reason that the market can get influenced by unknown variables at any point..
And as for pips, it depends on my strategy..

stoplosses are in fact a way of gauranteeing a loss if for example you are tradeing 1.00 per pip and you use a stoploss of 50 pips and the trade goes against you you are locking in a 50 dollar loss . Dont get me wrong i use a stoploss but i also use a takeprofit so as to gaurrantee the banking of profits when the target is reached ,what im trying to say is that i see a lot of threads relating to stoplosses and none relating to take profits and both these tools are of equal importance . A lot of traders trade out taking less profit than the stop they have in place so quite often they will have say five wins being cancelled out by one loss and in the end their account is slowly but shurely depleted .So in essence im saying to set a take profit higher than the stop at the start is of greater importance than just focusing on the stop so it is important to have a complete stratergy in place.

Where are those fake 'real' traders who trade without stoplosses.I dare you to trade without stoploss again.With EuroChf falling 3000+ pips r.i.p to your forex accounts.i wish swissy rally got you naked with no SL . lol .it would be a lesson well learnt

Using stoploss for trading depends on the pair and the trading method I guess.

Stop loss is for sissies ... I'm macho man!!

Sometimes I am using Stop Loss levels, sometimes - no. Depends on the situation)

Yes i always use stoploss.

It's an insurance against a catastrophic loss to my account.

Sometimes it could stopped me out before going in my favor again. But that's the price of insurance in order not to blow up your account.

I typically use ATR to define my stops as show here



fartist

i never use a stop loss on the opened trade . i run a hedge where i would usually run the SL.
the hedge thou i use a SL if the hedge makes profit and then comes back to meet its opened position, or i put it on if it makes it back to the original trade.
therefor i feel i have 2 chances at the trade direction i chose.

im not super trader so feel free to cut me down with practicality. and a little advise on what im doing wrong

It depends, when i am into quick scalping(m1, m5) i usually don't use stop losses. But when it comes to swing trading, or situations where i am not there to manage my trades, trading without SL is a strict nono!

Yes of course I personally use stop loss and I tend to stick to the strategy. Actually, trading without stop loss is a suicide in my opinion.

yes of course i am using stop loos on my trading i am using it because its very useful because its can not be predict that today market will not be blown up. this is one kind of security.
and pips number is depending on trading plan.

I think stop losses are bad. It guarantees that you'll buy high and sell low. If you're trading with high enough leverage that you have to put in a stop loss then I think that you're more gambling than investing. If you lose 10% of your account, you have to make 11.1% to get back even. 90 * 1.11 = 100. Stop loss does help cut losses due to less equity, but it's worse than trading with less leverage. The absolute worst thing someone can do would be trading with no stop loss and high leverage. If a stop loss/margin call triggers after 90% of your account is gone, it'll take a 1,000% gain to get back even. Since trades will eventually go against you in a big way, trading high leverage without a stop loss will guarantee that you'll lose everything due to random chance.

Who doesn't use stop loss? It is the backbone of trading. Without it then it is a little more like betting and hoping that things go your way, otherwise you are completely fried. I think some traders think that a stop loss has to be placed at the moment of placing the order. NO, whenever you close a position to avoid incurring more potential losses, then you are ideally using a stop loss technique to contain your trading risk.

Hello everyone! What about stop-limit orders?Do you use them?

I always use a stop loss. The amount of pips will depend on how levered the trade is. However, I usually always make them very tight to minimize my losses. Plus, after seeing people take huge losses from not having them, I don't see why you wouldn't want to have one. Even if it's a few hundred pips.

If there are some big news in the nearest future- stop loss is the best decision! I'm a risky man, but not a stupid

never trade without a stoploss, it is avalible to protect your capital and limit your risk.
if you don't use one, one of these days some news anouncement will make the price jump several hundred pips in 2 seconds,
believe me, I have seen it happen, you just never know when. if you feel you are stopped out to much, use a wider stoploss.
don't believe those people claiming it is good to trade without one, they are going to loose their accounts as sure as amen.
it is just a question of when.

It's really important to use SL in my opinion.
Most of the time I put it at 70 pips, but sometime it's lower or higher than that.