S/L or no S/L I think it's a double edged sword. It can go either way. It's a matter of choosing the one better for you.
- Joined Jan 2011 | Status: Senior Trader | 1,475 Posts
Bulls are stupid Animals!especially when Im short!
Trading without stop loss 87 replies
successful trader without stop loss? 93 replies
Stop Loss vs. Hidden Stop Loss 26 replies
Trading without stop loss? 20 replies
DislikedThe fact's are...
There're traders who uses SL and growing their balance with profits
There're traders who don't use SL and growing their balance with profits,
There're traders who uses SL and draining their balance,
There're traders who don't use SL and draining their balance...
There're trades without SL and gaining profits,
There're trades with Sl and gaining profits,
There're trades without SL and looses,
There're trades with SL and looses...
So..?
They're depending on a lot of things, and things are not constantly the same there're changing...Ignored
QuoteDislikedDemo the heck out of your specific technique with and without a stop for 50 to 100 trades and see what method works for you.
DislikedMy answer won't be very popular to some but my account is, well, mine so how I trade is my business.
My experience with stop losses has been the majority of my losses. This may sound nuts to some because you will say "but the reason the stop was hit was because your trade was going the wrong way" and you would be correct for a candle or two.
I have found that the majority of time my entry and direction is correct but not every time. In those instances where the direction was incorrect the amount I lost was FAR less than all the times...Ignored