Trading without a stop loss!
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Thread: Trading without a stop loss!

  1. #1
    1. Can you trade with a stop loss?
    a. If yeswould you please describe it (just how many pips away from entrance; do you change it. . .etc.
    b. If yesdo you lock any profit when the price goes in favour of you and on what criteria, do you use trailing stops?

    c. If notwhy? How can you handle risk then?

    Regards

  2. #2
    Yeah...! I really do like the stop-loss egy, it's the best approach to manage the risks of losing and the best method to restrain our trading in almost any conditions.

  3. #3
    Trading without stop loss it will be Risky in the price Change that will happen, Particularly in Novice trader it is very that should be noticed in Conducting the trade is always the installation of stop loss Together with the Appropriate to the risk Could be in the Limitation

  4. #4
    I really don't understand where I read, however, was really interesting. If you stated that please rease your hands:
    would you do bunjee-jumping without a rope???
    I use stop loss. I place stop loss just a little bit lower than the local minimum for a long position, and a little bit higher than the local maximum for a short position.
    When the stop loss is too far from the price that means I'm getting in too late... so I do not get in, but you wan na na get into a long position at the base, so the stop loss won't be far. Exactly the same for a Brief position

  5. #5
    Quote Originally Posted by ;
    1. Do you trade with a stop loss?
    Yes No.
    It depends on what you call a stop loss? At times, when I see the market, I may have entrance and exit criteria. Depart @ profit or depart . That may or may not be about the number of pips its gone away.


    Quote Originally Posted by ;
    a. If yes: would you please describe it (just how many pips from entrance; do you change it. . .etc.
    When ever I am not watching the charts I place them in a level just below or above what ever the case possibly of the service or resitant levels on a higer period frame.

    E.g. I have gone on macd divergence on 15 mint. I look at the suport degree about both hr and place my SL only below that.


    b. If yes: do you lock any profit once the price goes in favour of you and on what criteria, do you use trailing stops?

    Yes. But I lock my profits ussly with stcastics, and tenant the trade.
    E.g. I see the price going high on the 1 hr chart, I open the 15 mint or the 5 mint chart and buy in all the dipd on the 15/5 mint chart and lock my profit as soon as the stocastics become over bought on the 15 mint / 5 mint chart.

    Quote Originally Posted by ;
    c. If not: why? How can you handle risk then?
    Once I see the commerce, I like to plan my commerce and trade my plan, and I base my own commerce based on spikes but on candle bodies, therefore I cannot have predetermined pips predied stop losses.

  6. #6
    Sometimes I do but I have mental Quit I mean I do not Put it right away after Entrance

  7. #7
    Quote Originally Posted by ;
    1. Do you exchange with a stop loss?
    a. If yeswould you please describe it (how many pips away from entry; would you change it. . .etc.
    b. If yesdo you lock in almost any profit once the price goes in favour of you and on what criteria, do you use trailing stops?

    c. If notwhy? How can you handle risk then?

    Regards
    a. No, at least, not in the standard sense of prevent loss. I utilize specific values in line with this frame, instead of a blanket amount for many scenarios. This way, you do not get knocked out half so much.

    B. See above.

    C. It's more profitable and the risk is managed more inteeligently.

  8. #8
    In my earlier days when I used to have a SL state 30 pips away etc, I allmost ussaly dead . I.. E. my observations of the chart were correct but I would get stopped outside and the market could go my way. Hence its best to have stops on technical analysis rather than x pips away.

  9. #9
    To begin with,
    I enjoy Huskin's use of schotastics to place/adjust his stop loss. In addition, I think that FxEmp's statement should be a guideline (Fx isn't gambling and gambling with no SL is just as terrible as gambling can be).

    I and six friends began FX trading with no experience what so ever; In 5-month time, all of them dropped more than 40 percent (of their funds ); I dropped only 25%, most likely because I kept using SL orders with every trade.

    Like dof's, I like to use local shirts and local bottoms close to the support or the resistance I have entered into.
    I don't enter a trade without a stop loss order set up.
    Even in the event that you do not wish to prepare a SL as you enter, I think it is a great idea to palce a temporary stop, i.e. (in case your usual hourly stop range is 15-30 pips, then put a temporary stop such as 50 pips), you never know what can happen; certainly, most of us can see how a currency might move against us on an unfavourable and unforseeable economic event.

    Once I reach 33% of my goal profit, I lower my stop to break even (if technicalities encourage that action)... but I always move my stop when I reach 50% goal profit, no matter what. This can cause you to be happy at the end of the month.

    Trade reasonable.

  10. #10
    Sr
    Guest
    Quote Originally Posted by ;
    1. Can you trade with a stop loss?
    a. If yes: would you please describe it (how many pips away from entry; would you alter it. . .etc.
    b. If yes: do you lock at almost any profit once the price goes in favour of you and on what criteria, can you use trailing stops?

    c. If not: why? How do you manage risk then?

    Regards
    a. It is dependent upon which time period you are in, your limityour equity and your money management rules.
    On a daily chart, I would typically use between 25-50 pips if I am looking for a profit of 100-150 pips.

    B. Several techniques can be utilized. The simplest is a trailing stop predied on pips (10-20, etc.. .) Another would be to put on original under a recent non, then follow up with the upcoming low, etc.. . The important is to pay your loss ASAP and raise your stop to breakeven point.

    c. A great way to manage reduction (hedge) is buy the Euro and the Swiss in ways that they pay for each other. One mirrors the other at 98%. It's like buying the red and the black at the match. Main difference: you will receive attention every day. That could indie a 40%-60% yield at the end of the ear.

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