Can you trade with no stops? - Page 3
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Thread: Can you trade with no stops?

  1. #21
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    Quote Originally Posted by silverlady View Post
    Never i can not trade without stop loss, i have done this before and now i know it is not the best for nay lover of this market. It is forex trading that is talking and traders working for the best should use stop loss. This does not mean that some traders are not making money without stop loss, it depends on how we learned the market and how we apply what we learned.
    it is about their choice for trading, some want to trade safely with use stop loss and some want to trade with free without stop loss, so there is advantages and disadvantages from their choices and believe that they had understood for this, so the important thing for us that always know for what we are doing and take it as responsibility

  2. #22
    if not use a stop loss, you could do a cut loss. very important to limit the loss. I think if traders hold floating minus, he will have emotional stress, and patience will be disrupted, so traders are tempted to enter the market again. so that the accumulation of using large lot size, it is very risky

  3. #23
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    Quote Originally Posted by ngalapreceh View Post
    if not use a stop loss, you could do a cut loss. very important to limit the loss. I think if traders hold floating minus, he will have emotional stress, and patience will be disrupted, so traders are tempted to enter the market again. so that the accumulation of using large lot size, it is very risky
    I do not know how this is convenient to traders, if i do not use stop loss, i will never be at rest where i am , ad i will be thinking that the market might have taken all my money. That peace of mind is priceless in trading, this is what i am looking forward to get too and i will always be using my stop loss because of that. If you want to cut it instantly, how long will you look.

  4. #24
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    Quote Originally Posted by silverlady View Post
    I do not know how this is convenient to traders, if i do not use stop loss, i will never be at rest where i am , ad i will be thinking that the market might have taken all my money. That peace of mind is priceless in trading, this is what i am looking forward to get too and i will always be using my stop loss because of that. If you want to cut it instantly, how long will you look.
    feeling worried is bigger when the traders do trading without stop loss, but if they have good analysis and management, i guess they have understand it with well so they will not too worry, and i guess the important thing here that they need to set TP with good, and make it easier be touched by the market,

  5. #25
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    Quote Originally Posted by newentry View Post
    feeling worried is bigger when the traders do trading without stop loss, but if they have good analysis and management, i guess they have understand it with well so they will not too worry, and i guess the important thing here that they need to set TP with good, and make it easier be touched by the market,
    Most of time a trader's feel much worry when he not use any strict stop loss in trading. I think we should use stop loss in our trading because without any stop loss use some time our condition could be very dangerous. I not use take profit much in trading but take care of stop loss every time in my trading. As a scalper I never ignore stop loss

  6. #26
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    It is not in my trading agenda, i can do the risk when i do not have enough money, or when i believe i am totally frustrated in trading forex, but it is not a good idea to do a thing like that, forex is basically the place of business, it is what we need to study well before we act, that is how we can win forex, not doing a thing like this.

  7. #27
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    Quote Originally Posted by newentry View Post
    feeling worried is bigger when the traders do trading without stop loss, but if they have good analysis and management, i guess they have understand it with well so they will not too worry, and i guess the important thing here that they need to set TP with good, and make it easier be touched by the market,
    It is a bad thing in all its entirety sir, the stop loss is essential most especially when the trader want the best results in their trading, the stop loss will not make the trader to lose focus and not make the trader to be emotional, emotion will make the trader bad in what he is doing and the stop los will make emotion to be more.

  8. #28
    Quote Originally Posted by silverlady View Post
    I do not know how this is convenient to traders, if i do not use stop loss, i will never be at rest where i am , ad i will be thinking that the market might have taken all my money. That peace of mind is priceless in trading, this is what i am looking forward to get too and i will always be using my stop loss because of that. If you want to cut it instantly, how long will you look.
    I was consistent with the loss limit. I use a stop loss too. I do not monitor the chart continues, so that when opening the charts, I would get a take profit or stop loss.

    without a stop loss, I do not calm, because the market can run wild, and gets a big minus floating. we need a stop loss for managing loss

  9. #29
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    Quote Originally Posted by ngalapreceh View Post
    I was consistent with the loss limit. I use a stop loss too. I do not monitor the chart continues, so that when opening the charts, I would get a take profit or stop loss.

    without a stop loss, I do not calm, because the market can run wild, and gets a big minus floating. we need a stop loss for managing loss
    I like your style my brother, the stop loss ca make one to be consistent, it can make one to never lose in the market. Different traders i have used are using stop loss, except some few that are losing their money all the time because of the stop loss they do not use, this is a lesson to them and i hope they can change too.

  10. #30
    Quote Originally Posted by Value trader View Post


    Bottom line:

    High number of profitable trades does not necessarily correlate with profitability. If you hear something like "I close 95% trades with a profit", always ask: "What happens when negative outcome realizes? How much impact on overall perfomance does it have?"

    I hope that this article was helpful! Good luck and have a trading edge!
    Thank you for share this topic, I once did a test about this case, I have a plan to share the results of my experiment in my trading journal, but I do not have much time to do that, I'm very grateful you shared about the results of your test.

    I change my mindset after I understand it, has a 95% winning trades is does not mean profitable, and has a 10% winning trades is not mean unprofitable, because here there are rules of risk to reward ratio that has a big influence on the results of our trading .
    Quote Originally Posted by cozard007 View Post
    I do not think what you are saying is right. You are trading without stop loss? I do not believe it. It is either two things, Number is that you might be regretting the trades without the use of stop loss, or you have gotten draw down that you can not recover in years. Now, you said you use news trades, are you telling me that all news goes the way you want?
    He say that he cut his losses manually... its okay that he trade without stop loss if he really cut losses manually, both are the form of risk management, but just different method in implement. Stop loss is just a platform tool.
    If you lose, be patient. If you win, stay humble

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