Anyone here trading without SL?!!!

[Tom Latham]

Stop loss is the most useful tool to avoid unbearable lose in trading. But I see, till now few traders try to ignore this tool. So, are you using this tool or not? If not, what’s your general rule of trading (on avoiding loses)?

 

[Eduardo Lucchese]

Stop-loss helps a trader to manage their losses.

 

[Oscar Shumack]

Stoploss is very effective for the newbies.

 

[nicktheking]

I believe, stop loss is the backbone of any successful trading career.

 

[Benjamin Bryne]

I trade with stop loss. Stop Loss helps me manage risk in trading.

 

[Cooper Truebridge]

I believe, stop loss is the backbone of any successful trading career.

Correct, stop loss is very important for successful traders.

 

[dougbennett]

A stop loss is a saviour that helps traders take calculated risks. Traders are aware that it is inevitable to lose money in forex. A stop loss prevents you from risking any further than your calculated amount. Yes, there are traders who trade without stop loss, but they are experienced and have a risk appetite. As a new trader, you need time to develop both.

 

[dwaynegibbs]

Trading without having a stop loss is really risky. You can lose more than you win or even go broke. So be careful with that.

 

[kathrinedees]

Not every trader knows the concept of Stop Loss, though it is very important in Forex trading. For many traders, their understanding of this term makes or breaks their trades.

 

[Alexander Hudson]

Is it a wise decision to trade without SL?

 

[Karley Walker]

I believe that stopping loss helps protect investments. In reality, in a fast market when the stock gaps down (during flash crashes, breaking news, or fake tweets), the volatility for these increases so stop loss can be protected.

 

[Mark Dahl]

Who trades without SL? Those are fools.

 

[lynnsandoval]

Trading without stop loss is extremely risky, and I never trade without a stop loss. If you're a new trader, then you should never trade without one.

 

[Gito Dinev]

Trading without SL is suicide. Never do that.

 

[lotcamel]

I do not go without a stop loss, and as a beginner, you shouldn’t trade without one. Yes, there are people who trade without stop loss, but they have good trading experience and are aware of complex strategies.

 

[kenthansen]

I can’t think of trading without stop loss. It doesn’t just limit my losses but also gives me the confidence to stay away from my screen for some time because I won’t be losing more than I can afford to.

 

[Ebba]

I always consider using stop loss in my trading, can't imagine how my trading will turn out to be without the stop loss tool.

 

[soilacasa]

I do not perform any of my trades without using a stop-loss. It is one of the most essential risk management tools; one should use to avoid unbearable losses during trading. I never dared to perform trading without a stop-loss.

 

[Alicia Lynch]

Stop Loss helps the trader to manage the risk. To maintain a 1: 2 risk ratio, it is necessary to use a stop loss.

 

[David Marco]

Stop loss is very important for the new traders.