Stop Loss Effective for Successful Trading

Stop Loss Effective for Successful Trading

SamiSamith

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What did you say, Stop loss is effective for Successful trading or not? 
If yes then how? 

Anyone know, please explain it

Linkback: https://www.forex.zone/general-forex-discussion/1/stop-loss-effective-for-successful-trading/2969/

#1 - January 09, 2020, 09:59:57 AM

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Re: Stop Loss Effective for Successful Trading

MrForex

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In my opinion it is very effective, although cut loss can also be applied but it is more effective stop loss because it does not require high mentality. With stop loss can also train our discipline and we will also be more disciplined in doing other things.

#2 - January 09, 2020, 03:14:16 PM

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Re: Stop Loss Effective for Successful Trading

ariezz

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Not only effective but stop loss can be used as the only shield so that loss can be minimized, so the application of stop loss here has knowledge and calculations so that it can be applied properly and precisely.

#3 - January 11, 2020, 03:06:31 AM

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Re: Stop Loss Effective for Successful Trading

Acewyr

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In my opinion it is indeed quite effective because stop loss is very important for the security of our trading and can also be an effective discipline exercise that is why traders who prioritize stop loss can profit consistently.

#4 - January 12, 2020, 12:16:02 PM

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Re: Stop Loss Effective for Successful Trading

Gerry Land33

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my answer is very effective because all successful traders must implement a stop loss strategy in every trading transaction, so the answer is definitely stop loss is very important and determinants of long-term success.

#5 - January 12, 2020, 04:23:31 PM

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Re: Stop Loss Effective for Successful Trading

Billy Atkinson

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for traders who apply cut loss, stop loss is certainly less effective, but basically risk management using stop loss is very important and vital, in addition to account security, it is also a stop loss to train discipline in implementing MM.

#6 - January 13, 2020, 02:01:59 AM

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Re: Stop Loss Effective for Successful Trading

DewaFx

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If stop loss is applied correctly it will be very effective, it is certain because stop loss is like a mandatory thing and many have proven that stop loss is very useful in minimizing losses.

#7 - January 13, 2020, 10:07:47 AM

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Re: Stop Loss Effective for Successful Trading

Peterix

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in general, the application of stop loss is very effective, but for me it is still less effective because I have not mastered the application of stop loss properly and correctly and is also not consistent, I still like to stop stop loss.

#8 - January 13, 2020, 02:42:17 PM

Re: Stop Loss Effective for Successful Trading

Alfreddy

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the use of stop loss or cut loss is adjusted to the strategy and trading system that is owned, if indeed the application of stop loss is sufficient to help our trading in minimizing the losses that occur then stop loss is quite effective in our system.

#9 - January 14, 2020, 06:27:59 AM

Re: Stop Loss Effective for Successful Trading

greenbeach

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stop loss is quite effective if in my opinion because stop loss is commonly used by traders in general, if it's been used a lot means stop loss is really good and very helpful. I also consistently use stop loss and it is very effective to control my potential trading losses.

#10 - January 15, 2020, 11:57:50 PM

Re: Stop Loss Effective for Successful Trading

dhios

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Whether or not it is effective depends on the use, if the trader consistently uses stop loss then it will be very effective because it is the only tool to minimize risk but if you don't use stop loss, or only use cut loss then it is less effective...

#11 - January 19, 2020, 11:58:57 PM

Re: Stop Loss Effective for Successful Trading

G 5oro5

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Stop loss is actually very mandatory and cut loss is only an alternative, so I think stop loss is vital, not only important but to a vital level so it must be applied in every trading transaction that we do.

#12 - January 21, 2020, 09:45:46 AM

Re: Stop Loss Effective for Successful Trading

Erphat

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Not only for successful traders but beginner traders also really need a stop loss to minimize risk and maintain an account from the worst risk. If a trader is able to survive and even achieve consistent profits in the long run, I am sure that can not be separated from the role of stop loss in trading.

#13 - January 21, 2020, 05:01:00 PM

Re: Stop Loss Effective for Successful Trading

Trully Amary

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stop loss is the best strategy for managing risk so every time a trader applies it. Successful traders in my opinion also must use it and whether or not effective matter depends on how the use is correct or not in its placement.

#14 - January 21, 2020, 11:50:26 PM

Re: Stop Loss Effective for Successful Trading

havis

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For me, it is very effective because only with stop loss can I control my psychology differently from cut loss or even without stop loss it will definitely change my psychological state to be chaotic. Stop loss can also be a risk controller and minimize it.

#15 - January 27, 2020, 12:07:34 PM