No Stop Losses!!!

[eibol28]

For anyone that thinks they do not require a stop loss...
I use a stop loss. You should, I'd like to tell you, if you are one that doesn't. It's storming here fairly bad. I've an order to be produced if price gets to a specific spot. I set my stop limits right away. What could happen if I had that order on the market and it had been triggered and I didn't put a stop loss on thinking I could only watch it after this order has been triggered and place the stop loss on. In my computer was down because of the storm, and no stop loss a person do. I have been thinking about this and would like to remind people of it and the ones that think they do not need you. Could be quite disasterous. Just me rambling again. I'll shut up.

[papaya]

Excellent point. Stops are a necessary evil for most systems.

I, myself, don't use stops, but the system does not allow for them....but mine is a rare exception.

I know of a few BIG traders who don't use stops as they tier their entrances against the tendency in key levels. . .which is a popular way of industrial traders.

Check out the COT data soemtime and you would be suprised at just how hot it's to trade AGAINST the trend in the industrial market.

[lheneo]

I would not ever advoe anyone taking unnecessary risks, but I believe stoplosses are over rated. You see, for creating trading decisions that are bad they tend to be turned into a crutch. If your not confident about a trade, you can throw it on with a stop and let the market do as it will. Trading without a stoploss will help keep by forcing you to take the best trades you disciplined. You have to know how to manage but I find that trading without a stoploss is a risk management tool using a single.

The purpose about connection disruptions is a great person, and I take it quite seriously. This is why I keep several connections into this broker. If you do not have this sort of commnt, then when a storm is brewing, you should definitely have a stop in or suspend trading.

Just my two pesos...

[kimohl22]

I'd never advoe anybody taking unnecessary risks, but I think stoplosses are over rated. You see, they tend to be turned into a crutch for creating trading choices that are poor. If your not convinced about a trade, you may easily throw it with a stop and allow the market do as it will. Trading without a stoploss will help keep by forcing you to only take the best trades you disciplined. You have to understand how to manage a trade, which comes with skill and experience, but I discover that trading without a stoploss is a better risk management instrument.
Gee I'd like to concur with you, but I can't. You state trading without a stop loss will keep you more disciplined when opening a trade, that might be true, but we all know that the market rarely listens to the ideas in our minds, and quite often a sure fire winning trade once placed, turns into the specific opposite. Trading without a stop loss requires you to have a cast iron resolve at time of exit, once all this is when we create and eliminate money, not when we enter, and there-in establishes the problem because many who trade without a stop loss do so since they do not want to be wiggled out unnecessarily, believing if price moves in the incorrect direction, it is just some minor noise that will move in the ideal direction soon.

It will just be a matter of time before a market change will wipe out a huge percentage of these peoples accounts, I have seen it time and time and time again and it pains me each time I see it. If someone wants to counter the debate with but I understand emotionally at what stage I shall shut the trade, then why not put a disaster stop at that level, therefor eliminating the possibility of this situation renasdad was speaking about using all the storm, or technical problems etc..

Smart stop loss positioning is a shield against you making the incorrect choice, a point at which you are able to say hello well I was wrong about that one and proceed. Don't put a stop and you're stuck waiting and waiting for things to flip around, tying equity up and, even if the trade does turn around, lulling you that you read the market correctly, false optimism is dangerous. Each to their own though I hope I see you.

Oh and mental stop are still stops by the way.

[Kunmeg]

What should you believe smart?

Some exchange 5min others more time period like 4hrs. Would 15pip stop reduction be enough for 5min or 15pip be tight for 4hrs

[eibol28]

I would have to say using 4 hr charts, a person ought to have more for a halt loss. 15 pips does not leave much room for error at all. And if a person uses chartsI don't know.

[kimohl22]

In my opinion, you shouldn't consider stop losses in terms of pips when figuring out where to place themI ask myself the folling question when placing stops:

at exactly what point would my trade idea be proven wrong

Once you figure that out, then you seem just how many pips out it is and whether it's too much on your risk management level.

[valemayag99]

I know of some BIG traders who do not use stops as they tier their entrances against the tendency at crucial levels. . .which is a favorite method for industrial traders. I do so. I have a high number of orders floating around waiting for trends to undo. I do have connected to the orders, nevertheless. I find that if price breaks s/r it should continue immediately, or back up and then proceed. If it backs up a lot, it's a fakeout plus this can be protected against by also a stoploss.

[MubenLanchas]

I would have to state with 4 hr charts, a person ought to have much more to get a stop loss. 15 pips doesn't leave much room for error. And if someone uses chartsI don't know. I are inclined to utilize 15 pip prevent losses on my trades and I reside in 1 min - 30 min charts... I use 30 minutes to be sure I am somewhat in fact and hone in where to enter down by going farther and farther to 1 min charts. I plan for 5 to 6 pip profits per trade.

Most of the time if it skews more than 15 pips I had been incorrect or it was a crazy summit that took my SL and dropped me a pile of money (which has happened once). Thankfully demo money so far.

[valemayag99]

In my opinion, you shouldn't consider stop losses concerning pips when figuring out where to place them, I ask myself the folling question when putting stops:

at what stage would my trade thought be shown wrong

Once you figure that out, then you look how many pips away it is and whether it's too much for your risk management degree. Exactly. I stopped losing money once I found out that positioning determines risk and position size. When you understand your theory of where the price is about shows it shouldn't go against you more than 20 pips, place a 20-pip stoploss.

If theory states price could go against you 200 pips, and also you don't have sufficient money on your account to do the trade inside your risk level with a 200-pip stoploss, don't do the trade.

[valemayag99]

I plan for 5 to 6 pip profits per trade. There is no way you're able to make consistent money doing so with a 15-pip stoploss. The disperse takes half of your profit and your risk is 3 times your own reward.

[amshavin66]

This is it exactly. The stop needs to be where it's logical not a pair of pips.
If it does not fit my risk level then wait for one that does...

Damn that Hardwork discipline and patients... Scott



Exactly. I stopped losing money once I discovered that placement determines risk and position size. When you see that your concept of in which the price is going demonstrates that it should not go against you over 20 pips, set a 20-pip stoploss.

If concept says price could go against you 200 pips, and also you do not have enough money in your account to perform the trade inside your risk level with a 200-pip stoploss, do not do the transaction.

[MubenLanchas]

I must be clear. I aim for 5 - 6 pips after the spread is calculated , sorry for the confusion. So far after 18 days my $5,000 demo account is up to $7,169 with an accurancy of 88.5% of my total trades. My reduction trades are larger than my win transactions Since my ratio can be determined by by you, but they're rare enough that it ends up.

Sometimes I will go for a larger gain if the trade remains operating up in my brief windows (I've gone as far as 20 pips), however should I get 5 - 6 pips over the spread worth I have a tendency to jump out and begin scouting my next transaction.


There is no way you can make consistent money doing this with a 15-pip stoploss. The disperse takes of your profit and your risk is 3 times your own reward.

[amshavin66]

Man you must be facing your display nonstop, although it is really hard to argue with success. . Truly 1 minute charts? I eyes will fall out... LOL Scott




I must be more clear. I plan for 5 - 6 pips following the spread is calculated , sorry for the confusion. So much after 18 days my $5,000 demo account is up to $7,169 having an accurancy of 88.5percent of my total trades. My loss trades are larger than my win transactions, as you are able to decide by my riks/reward ratio, but they're rare enough that it works out.

Sometimes I will go for a larger gain if the trade remains operating up in my brief windows (I've gone up to 20 pips), but should I get 5 - 6 pips within the spread worth I have a tendency to hop out and begin scouting my next trade.

[mimyam88]

I'd never advoe anyone taking unnecessary risks, but I believe stoplosses are rated. You see, they tend to be become a crutch for creating bad trading choices. If your not convinced about a trade, you can throw it on using a stop and let the market do since it will. Trading without a stoploss will keep you disciplined by forcing you to just take the trades. You have to know how to control a commerce, which comes with skill and experience, but I find that trading without a stoploss is a better risk management tool then using a single.... Twice I've lost 20%due to this unexpected whilst toying with the concept that stops were unnecessary. Never again. I utilize two stops; a single mental at which if the price reaches a certain degree the trade is no more valid and therefore I bail out. The other person, HARD, which is a tragedy stop when you least expect it, because the unforseen occurs. Believe me, it will happen sooner or later.

[lheneo]

Twice I have lost 20%due to this unexpected whilst toying with the concept that stops were unnecessary. Never again. I use two stops; a mental at which if the price reaches a particular degree the trade is no longer valid and I bail out. The other one stop when you least expect it, since the unforseen occurs. Believe me, it is going to happen sooner or later. Well, in all fairness I frequently lose 10-30% on a failed trade so that doesn't disturb me. I technically have a astrophic cease its called a margin call in loss. What makes it work for me is that a winner drags the wins and 30-100% are a lot more common then the losses. It's not how most people exchange, but I'm okay with that...

I guess it really depends on why your taking the trades you are. If your taking them because of a chart formation or a indior by all means you should use a stop incase the creation doesn't pay off. My reasons for taking trades have really little to do with all the chart so a stoploss is a random guess about how things will play out.

A good part of why this works is since I do not take any random transaction. Until I do if I don't know what's going on I hold off. Risking 50% of my account prevents me from gaming on winners.

The point I was trying to make was that if your not supremely confident at the transaction, you probably shouldn't be taking it. Trading without a stoploss is a testament to how much you really think in your analysis. If you do not believe in it enough or can not accurately determine what your risking, then perhaps you should think about that your analysis needs to be improved. A stoploss at the way that it is deployed by most is simply a crutch for bad analysis.

PS- I say , but I don't actually me you, only anybody in particular that happens to read this...

[jjcm161]

That is it exactly. The stop should be where it's logical not a fixed set of pips.
If it doesn't fit my risk level then wait for one which does...

Damn that Hardwork area and sufferers... Scott Agreed. I maximize my stop losses, so I always know what my risk level is based on position dimensions (which depends upon that halt loss)

[Pammuss]

15M
SL/TP/Trailing stoplost:15/45/20

2H
SL/TP/Trailing stoplost:30/60/40

4H:
SL/TP/Trailing stoplost:50/100/60

Daily chart :
SL/TP/Trailing stoplost:100/open/manual

[kimohl22]

Trading with no stoploss is a testament to how much you really think in your analysis. If you do not believe in it or can't accurately determine what your risking, then perhaps you should consider that your analysis has to be improved. A stoploss at the way that it is deployed by many is only a crutch for analysis.
Well I can only speak to my own conclusions, and also my stops aren't a crutch for bad analysis, or that I do not have confidence in my conclusions, it's a humble realization that nobody is larger than the market, that the market is incorrect, and it will always get you as soon as you become over-confident.

[lheneo]

I can only speak for my own conclusions, and my stops are not a crutch for poor analysis, or I do not have confidence in my conclusions, it is a humble realization that nobody is larger than the market, the market is never wrong, and it is going to always get you as soon as you become over-confident.
That I wasn't picking anyone as an example brother.

Only attempting to bring an extra perspective...

[mimyam88]

Well, in all fairness I often lose 10-30% on a failed commerce so that doesn't bother me. I technically have a astrophic stop its called a margin call at 50 percent loss. Why is it work for me is that a winner nets 30-100% and the wins are far more common then the declines. It's not how most people trade, but I am okay with that...

I guess it really depends on why your accepting the transactions you are. If your shooting them because of a chart formation or an indior then by all means you need to use a stop incase the creation doesn't pay off. My motives for accepting trades have very little to do with the chart thus a stoploss is an guess about how things will play out.

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

The point I was attempting to make was that if your not supremely confident at the commerce, you likely should not be taking it. Trading with no stoploss is a testament to just how much you think in your analysis. If you don't believe in it or can't accurately determine what your risking, then perhaps you need to consider your analysis has to be improved. A stoploss at the manner it is deployed by most is simply a crutch for analysis.

PS- I say you, however I don't really me youpersonally, just anyone in particular that happens to read this... Darkstar, sorry I am not criticizing. I understand your logic but the explanations for your transactions are known and understood by few. By and large 99 percent are trading indiors and systems that don't have any intrinsic meaning and that, though profitable, would not be without prevent losses. So whilst your stop loss policy functions for youpersonally, applied.

Generally speaking, most should be risking only 1%-2% that would (hopefully) keep them in the game long enough to find out something. I believe its significant that most understand this and you're the exception to this rule rather than the version of it.

[lheneo]

, sorry I am not criticizing. I understand your logic but few know and understood the reasons for your trades. Large and by 99 percent are trading indiors and systems which have no intrinsic meaning and that, although profitable, would not be so without prevent losses. So whilst your stop loss policy functions for you, employed.

Generally speaking, most should be risking only 1%-2% which would (hopefully) keep them in the sport long enough to learn something. I think its significant that this is understood by many and you are the exception to this rule rather than the model of it. I would definitely agree with you on all points.

[kimohl22]

I wasn't picking anybody as an example brother. Images/smilies/smile.gif

Just trying to add an additional perspective...
Sorry do not get me wrong, wasn't taking personal offense at all... as you were... only adding my own standpoint

[evaoxmlinm]

I love stops. . .really. . .best item . . .you do your very best analysis,you're selective, you're patient to decide on on the best low risk areas you may get. . .ok, BUT, the second, the commerce is on, you're exposed, you only need to see, when the market permits you to cut a tiny bit this time...

oh, btw, I believe, commerce managment is overrated (dont micro handle!!) ...

[Slmuckem897]

As somebody who trades Crude Oil in addition to the pairs, trading with no stop would be a way to monetary emotional and plogical ruin.

[semgiopalmokus]

I think this is a conversation that is relatively fruitless since what works for some works for others, however although I personally use stops. I know a few traders which do and do not use stop losses. Everything boils down to the platform you've got and the way you trade.

But, I do see renasdad's point. Then, you have to make sure you get a redundant way of making certain that the stops become implemented, if you're trading with stops. I recently signed up for a VPS server and operate my specialists (which manage my SL's) from that. It is working and I don't be concerned about what happens when my connection goes down at the middle of a trade.

[camlll6g]

I used to trade without prevent losses and have not lost a commerce doing so but have had some uncomfortable situations (the worst was 40 points away from a 50% account drawdown). You are able to get away with it if the markets ranging but every time a nice trend begins in the wrong direction for you it might be a long wait for it to come back and at what point do you choose to take the loss? I use stop losses all transactions as I'd rather take the loss and move on instead of the torture of watching the price move day after day.

[Juanokenapkm]

Well, in all fairness I frequently lose 10-30percent on a failed trade so that does not bother me. I technically have a cease its called a margin call at reduction. Why is it work for me is that a winner drags the wins along with 30-100 percent are a lot more common then the declines. It's not how most people trade, but I'm fine with that...

I guess it really depends upon why your taking the transactions 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 taking trades have to do with the chart thus a stoploss is an arbitrary guess about how things will play out.

A fantastic portion of why this works is since I don't take any random trade. Until I do if I don't know exactly what's going on I hold off. Risking 50% of my account keeps me out of gaming on possible winners.

The point I was attempting to make was that if a not supremely confident in the trade, you likely should not be taking it. Trading with no stoploss is a testament to just how much you think in your analysis. If you don't believe in it enough or can't accurately determine what your risking, then maybe you should think about that your analysis has to be improved. A stoploss in the manner that it is deployed by most is a crutch for analysis.

PS- I say , however I actually don't actually me you, just anyone in particular that happens to see this... fine. . .this is creepy. I exchange the exact same way as you do, and I can guarantee you that I haven't read it in the event you posted your egy online. I use trendlines along with basic things to figure out my entry and exit points.

[Juanokenapkm]

Well, in all fairness I frequently lose 10-30percent on a failed commerce so that doesn't bother me. I technically have a astrophic cease its called a margin call at 50% reduction. What makes it work for me personally is that a winner drags the wins and 30-100% are a lot more common then the declines. It is not how most folks commerce, but I'm fine with this...

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

A fantastic part of why this works is because I do not take any random transaction. Till I do if I don't know exactly what's going on I hold off. Risking 50% of my account prevents me from gambling on winners.

The point I was trying to make was that if your not confident in the transaction, you likely should not be carrying it. Trading with no stoploss is a testament to how much you really believe in your analysis. If you do not believe in it or can not accurately determine what your risking, then maybe you should consider that your analysis needs to be improved. A stoploss in the way that it is deployed by most is a crutch for poor analysis.

PS- I say , but I actually don't actually me you, just anyone specifically that happens to see this... PS: I think you exchanged the yen last night, cuz I really did it, and I was very sure of exactly what was going to happen.

[amshavin66]

No trend lines, Infact they would be misleading. But I bet it is a similar fashion.

Scott



ok. . .this is creepy. I exchange the same manner as you can do, and in the event you posted your egy on the internet, I can assure you that I have not read it. I use trendlines along with other basic things to figure out my entrance and exit points.

[Juanokenapkm]

I used to trade without prevent losses and haven't lost a trade doing so but have had some embarrassing situations (the worst was 40 points away from a 50% account drawdown). You are able to get away with it when the markets ranging but when a wonderful trend starts in the wrong path for you it might be a long wait for it to come back and at what stage do you decide to take the loss? Stop losses are now used by me as I'd rather take the loss and move on instead of the slow torture of seeing the price movement day after day. That is why one doesn't suppose when risking that much. You ought to be sure. At the start of every week (this is where I've been discovering a lot of reversals) I revaluate the entire situation, and I patiently wait for a fantastic entry point. And I prevent ranging markets.

[Gmeyem76]

94902
Well, in all fairness I often lose 10-30% on a failed trade therefore that does not bother me. I technically have a cease also, its called a margin call at loss. What makes it work for me personally is a winner nets 30-100% and the wins are a lot more common then the declines. It's not the way most people trade, but I'm fine with this...

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

A fantastic portion of why this works is because I do not take any random trade. If I don't know exactly what's happening I hold off until I do. Risking 50 percent of my account prevents me out of gaming on winners.

The point I was attempting to make was that if your not confident in the trade, you likely shouldn't be taking it. Trading with no stoploss is a testament to just how much you really believe in your analysis. If you do not believe in it or can not accurately determine what your risking, then maybe you should think about your analysis needs to be improved. A stoploss in the way it is deployed by most is simply a crutch for bad analysis.

PS- I say , but I actually don't actually me youpersonally, just anyone in particular that happens to see this... that I have a couple points I wished to make on this comment.

1)Just out of curiosity..are you trading actual money?
2)Losing 10-30% on any trade is absolutely nuts. No matter how accurate your system is, you're begging for trouble. Your risk of ruin is simply off the wall . You're just going to wash out yourself, if you keep losing those quantities. It is possible to hit a losing streak. There are NO GUARANTEES in any market. I see folks on this board squandering their time refining optimizing, and they just don't get that nobody is going to be perfect. You're going to start from zero if you hit on a bad series. Stop losses are a massive portion of risk management, they specify the trade. At some stage BEFORE you place the trade you ought to be saying ok, this is where I know I'll be incorrect, that's it, and place in the stop loss. It is NOT a crutch. Out of personal experience I have wiped out my account when I started to trade real cash and the reason behind the blowout was the simple fact that I refused to give in and take a loss. I believed I had been right and the analysis was right, so that I won't back down. Guess what, the market DOES NOT CARE WHETHER YOU ARE RIGHT OR WRONG. It is likely to go in its own direction. Putting stop losses isn't a crutch. It appears as if you're hoping to win on each trade and you don't even believe you can lose. The blowout will come. You may see. See Mark Douglas. Both novels. To me this seems like on your own part. Wayyy too much self. You're like the fish that I play poker with online who simply don't understand when to discharge a hand and will bluff in the pot at all costs. You have to let this go. You should know it really can go either way when you go into a trade. Yes I would ALL like my transactions to be winners, but I do not expect them to. . It appears as if you do, making it more difficult to let go if they move against you, which explains why you're losing 10-30% of your account on every other trade. The traders in the world are effective for a reason and ask some one of these and they will tell you: RISK MANAGEMENT. 30 percent is crazy. Having stops limits the losses when the market is rampaging the way. The second I got that has been the moment things turned around. I am back in the game, trading with real money, and am doing exceptionally well. Not neccessarily due to my machine, but because my risk management is better than that which is used to be.
3)Finally, how you trade is the way you trade. You have your system, I've got mine, and you will find four million systems on this plank. Individuals will trade they want to. So when you read the second stage, I'm simply stating my point and the way I personally trade. But if you're comfortable doing what you're currently doing. . .THEN DO IT...I'm simply giving my observations and remarks. I believe that it's a recipe for the explosion. But trade the way you like. You can believe in your system as much as you would like, what matters is what the market does. I do not believe that you can achieve the next level of trading of in which you'd probably like to be until you get that.

THE HUN.

[Gmeyem76]

94903If you do not believe in it enough or can't accurately determine what your risking, then perhaps you need to consider your analysis has to be enhanced

With a stop loss decides EXACTLY what you are risking. You are currently likely to waffle.

THE HUN.

[nalumalblws]

94903Sorry I'm butting in but I just want to state what I feel about prevent losses =\

I just use stop losses when I have to go out. Otherwise, I think that are quite dangerous. I have experienced my stop loss carried out by spikes and also to see prices move in the direction of my commerce. Since those couple of times, I've put a stop mentally in my mind. In case you have the area you're better off exiting a position.

[Gmeyem76]

94903Out of interest, do you exchange real money?

THE HUN.

[jesusLVP]

Dont Utilize stops that are 94903pros

[nalumalblws]

94903Yea I do.

[Chemila14]

I have the same approach to prevent losses and for the same reason. All too often I have observed spikes which seem to make no sense, except possibly to clear traders' stops. Because of this, unless I am going out, want to get some sleep or am trading news, I don't use stops. I feel that using ceases is asking for trouble and I would keep that information confidential. I know what my quit is, but I find no reason for my broker to know. As I mentioned previously there are circumstances when they are inevitable, although I hate to have to use ceases.

[oxiks]

94903
I have the same approach to stop losses and for the same reason. All too often I have observed spikes that appear to make no sense, except maybe to clear out traders' stops. As a result, unless I am going out, want to find some sleep or'm trading news, stops are not used by me. I believe that using ceases is asking for trouble and I would keep that information private. I understand what my quit is, but I find no reason for my broker to understand. As I mentioned previously there are circumstances when they're unavoidable, although I hate to have to use ceases. If you don't expect your broker with quotes why do you trust him and pay in real money? Each time my stoploss is hit and market reverses I assess platforms for minimum/maximum - whether it's similar I do not make big deal out of it. When it's not similar, I then write to my broker. It occurred in last 5 months and I was returned all the money.
Best regards,
Lucky

[MCM1989]

94903I rarely use them and do nicely, Athough I do use mental stops...
Yes its a real account.

Do what works best for you and to every one his own. .

[kimohl22]

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

[evaoxmlinm]

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

[kamen99]

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.

[Gabmieloyo]

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/trading-system-and-egies/96-rainbow-patterns-observations.html


kindest regards

[bolsixxugll]

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

[Gabmieloyo]

I have my own stop loss, Margin Call....
LOL Bravo!!!

[momunche]

I have my own weight-loss, Margin Call....
Yeahh. . Good stop loss bro...

[ainamaimene]

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.

[Gabmieloyo]

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...

[bolsixxugll]

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...