Thread: No Stop Losses!!!

Originally Posted by ;

pros dont use stops

Umm I know several... and yes they do... all of these, whether physical or mental...

I believe, it is dependent upon the approach. . .if you have a low win% in combination with a high risk reward ratio, stops are essential to keep an avg RR ratio that is high up. . .if you have a high win% combined with a risk reward of 2:1 or even 3:1, stops are not so vital

I don't use a stop based on risk reward, but I do have what I would think about a ostrophic stop in case something happens, but it has rarely been struck.

I hv been making 50% my funds without stop losses for 6years! How do I do that. ? I trade at levels and Against the trend. Just started a new Journal here at FF for my SL trading...

https://www.nigeriaforextrading.com/...ervations.html


kindest regards

I've my own weight-loss, Margin Call...

Originally Posted by ;

I have my own stop loss, Margin Call....

LOL Bravo!!!

Originally Posted by ;

I have my own weight-loss, Margin Call....

Yeahh. . Good stop loss bro...

Originally Posted by ;

Well, in all fairness I often lose 10-30% on a failed trade therefore that does not bother me. I technically have a astrophic stop too, its called a margin call at 50% reduction. What makes it work for me is a winner nets the wins along with 30-100 % are far more prevalent then the losses. It's not the way most people trade, but I am fine with this...

I guess it really depends on why your accepting the trades that you are. If your shooting them as of a chart formation or an indior by all means you should use a stop incase the formation will not pay off. My reasons for accepting trades have to do with all the chart so a stoploss is a arbitrary guess as to how things will play out.

A fantastic portion of why this works is since I don't take any arbitrary transaction. Until I do, if I really don't know what's going on I hold off. Risking 50% of my account keeps me from gaming on winners.

The point I was trying to make was that in case your not confident in the transaction, you probably shouldn't be carrying it. Trading without a stoploss is a testament to how much you really think in your analysis. If you don't believe in it enough or can't accurately determine what your risking, then perhaps you should think about your analysis has to be improved. A stoploss in the manner it is deployed by many is only a crutch for analysis.

PS- I say , however I don't really me you, just anyone in particular that happens to read this...

Darkstar has made an exellent post. Informed traders tend to be more than they are mistaken. And stop loss triggered means the analysis is flawed, it doesn't neccesarily needs improvement if viewed as a installment another trade.

Originally Posted by ;

Darkstar has made an exellent post. Informed traders tend to be right more than they're mistaken. And prevent loss triggered means the analysis is faulty, it does not neccesarily needs progress if seen as a specialized setup, another commerce that is failed.

Yes Darkstar is appropriate... I exchange with no stop loss because of the rate of assurance I hv in my propreitary egy... I browse 5currencies just like a MAP.... And it's been paying off for over 6years...

Originally Posted by ;

yes Darkstar is appropriate... I exchange without stop loss due to the rate of assurance I hv in my propreitary egy... I browse 5currencies like a MAP.... And it has been paying for over 6years...

I've never believed in Stop-Loss, only psychological ones...