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Stop losses. A necessary evil?

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Stop losses. A necessary evil? in General Forex Discussion_xx
hai brother .I am using stop loss tools in every trade.I know its very important tools in this trading market.If we use this tolls we can control our account and we also can keep safe our account from this dangerous market.All of you should use stop loss button for keep safe your account.
#16 - February 04, 2019, 06:47:13 PM

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Stop losses. A necessary evil? in General Forex Discussion_xx
all depends on the strategy that we control, if we trade with scalping techniques, for the placement of stop lose I think it is not effective, because the target profit is 1-10 points, so that the TP is finished quickly.
yes, for a scalper, I don't think it's good if he uses a stop loss, because the target is only 5-10 pips, if he puts a stop loss with a distance of about 5 pips of course it will often get hit. But for a swing trader I strongly recommend using Stop loss.
#17 - February 04, 2019, 09:57:34 PM

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I agree, indeed if we trade without using stop loss it's like we are fighting without using weapons. Enemies can attack at any time and we have no weapons to kill enemies.

Risk management, especially stop loss, is very important because we know that the forex market moves erratically and that none of the analysis is one hundred percent accurate, so stop loss is vital.
Do you always use stop loss on each of your trades. If so, I congratulate you because you are trading in a safe manner.
#18 - February 04, 2019, 10:03:55 PM

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Do you always use stop loss on each of your trades. If so, I congratulate you because you are trading in a safe manner.
I use mixed techniques so sometimes I do scalping and sometimes long term trading so I don't always use stop loss on every transaction I make. But I often use stop loss while there is an opportunity because risk control needs to take precedence.
#19 - February 05, 2019, 12:53:59 AM

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I use mixed techniques so sometimes I do scalping and sometimes long term trading so I don't always use stop loss on every transaction I make. But I often use stop loss while there is an opportunity because risk control needs to take precedence.
Okay. that is a good thing. And the most important thing is how we make profits in this business
#20 - February 05, 2019, 01:03:05 AM

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I agree, indeed if we trade without using stop loss it's like we are fighting without using weapons. Enemies can attack at any time and we have no weapons to kill enemies.

Risk management, especially stop loss, is very important because we know that the forex market moves erratically and that none of the analysis is one hundred percent accurate, so stop loss is vital.
Stop loss is necessary to maintain a risk management plan, but however stop-loss only feature in trading, not all trader will like to using stop loss and this is not compulsory, like as trader that they trading with martingale trading system, usually they will trading without stop loss but they will using step lot size with start from smallest lot size
#21 - February 05, 2019, 05:59:45 AM

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Hi all,

We are all told that trading without a stop loss is like driving without a seatbelt .... But is that true? Do you keep a journal of your trades and if so how many times have you correctly predicted the movement of an instrument but lost out because your stop was hit before the price moved in the direction you initially thought?

I'm not suggesting that you abandon common sense and forego good money management, I'm merely asking if it should be the 'go to' tool that we use it as.

I suggested somewhere else that there were other options but my views were attacked as heresy. My alternative was to split an order up into parts in an attempt to avoid an outright loss ... For example, assuming that after your analysis you place a buy on an instrument of .10 units at x price and your stop loss is 20 pips below that ... wouldn't it be practical to put say 0.05 units on at your price and another 0.05 units at  the position where you would have placed your stop loss and then an actual stop loss further away allowing you more room for error.

I'm not saying that this is the only answer and would love to hear about any other tactics you might employ.
Hi bro to discuss stop loss,

I think the stop loss is the brake on the vehicle and the brakes need to be trampled when the situation is out of control or even at high speeds,
#22 - February 05, 2019, 01:08:55 PM

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I am also the type of trader who rarely uses stop losses because for me it is tantamount to giving fish feed to brokers to eat it, I am sure of the direction of my analysis, and I might use the averaging technique to anticipate it
#23 - February 06, 2019, 04:13:39 AM

  • Stop losses. A necessary evil? in General Forex Discussion_Emilio_Estevez
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Stop losses. A necessary evil? in General Forex Discussion_xx
Hi all,

We are all told that trading without a stop loss is like driving without a seatbelt .... But is that true? Do you keep a journal of your trades and if so how many times have you correctly predicted the movement of an instrument but lost out because your stop was hit before the price moved in the direction you initially thought?

I'm not suggesting that you abandon common sense and forego good money management, I'm merely asking if it should be the 'go to' tool that we use it as.

I suggested somewhere else that there were other options but my views were attacked as heresy. My alternative was to split an order up into parts in an attempt to avoid an outright loss ... For example, assuming that after your analysis you place a buy on an instrument of .10 units at x price and your stop loss is 20 pips below that ... wouldn't it be practical to put say 0.05 units on at your price and another 0.05 units at  the position where you would have placed your stop loss and then an actual stop loss further away allowing you more room for error.

I'm not saying that this is the only answer and would love to hear about any other tactics you might employ.

in my opinion using Stop loss is a very important thing in forex trading or cryptocurrency, because by using a stop loss our account becomes a lot of losses, so the need for money management in trading is to save bankruptcy for ourselves. so you can conclude that stop loss is a part of management that is really needed in trading.
#24 - February 06, 2019, 09:47:00 AM

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in my opinion using Stop loss is a very important thing in forex trading or cryptocurrency, because by using a stop loss our account becomes a lot of losses, so the need for money management in trading is to save bankruptcy for ourselves. so you can conclude that stop loss is a part of management that is really needed in trading.
Indeed stop loss is included in risk management plan, using stop-loss even you leaving the chart will not over worried although the trend against position but stop loss already prepared and will protect account if the trend against order with long distance, it will manage risk with use stop loss
#25 - February 06, 2019, 10:16:49 AM

  • Stop losses. A necessary evil? in General Forex Discussion_Brad_Pitt
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in the world of trading it is true if we make a transaction like we drive a car without wearing a seat belt, because in the future we do not know what will happen in the future, in this case it is mandatory to use a stop loss for the health of our account or money in a trading account.
#26 - February 06, 2019, 06:12:49 PM

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in the world of trading it is true if we make a transaction like we drive a car without wearing a seat belt, because in the future we do not know what will happen in the future, in this case it is mandatory to use a stop loss for the health of our account or money in a trading account.
The use of stop loss is indeed a good choice to minimize risk but actually there are still other ways to minimize risk by using cut loss, only to be able to use cut loss we must have a much better psychology compared to the psychology of traders in general. Cut loss is a strategy that requires controlled psychology and good mentality.
#27 - February 07, 2019, 12:20:19 AM

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The use of stop loss is indeed a good choice to minimize risk but actually there are still other ways to minimize risk by using cut loss, only to be able to use cut loss we must have a much better psychology compared to the psychology of traders in general. Cut loss is a strategy that requires controlled psychology and good mentality.
That's right, trading always using stop loss or cut loss will help us maintain the stability of our psychological condition. we will be able to stay calm in trading with any conditions, even if it is floating minus or even a loss. because from the beginning we already know and we have fixed our maximum losses, therefore we use stop loss or cut loss. And comfortable trading conditions with stable psychology are the key to success in trading



#28 - February 07, 2019, 09:11:22 AM

  • Stop losses. A necessary evil? in General Forex Discussion_Queen
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if we maintain a strong margin of 1000 pips, it doesn't work in SL and later it will be profitable, but we don't know when :)



#29 - February 07, 2019, 10:06:35 AM

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Stop losses. A necessary evil? in General Forex Discussion_xx
when i practice, Stop loss is a good tool for traders to be using in every trade we are taking in the market, this is to protect the account, sometime when we trade with good money management , we may be tempted to avoid the use of stop loss, this may be tantamount to overconfidence, hence we must at the same time use stop loss on the trade for safety reason
#30 - February 07, 2019, 11:05:31 AM

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