Dare123, It is risky to do so, but one must remember stops are run everyday so what do you do? Well in my early days I too use set stops, but now I only use mental stops, but the problem there is are you really going to be able to adhere to a mental stop, or are you going to allow the loss to get bigger & bigger thinking it is going to turn in you favor any minute now. You must preserve your trading capital, so it is up to you to do what is best for you to preserve that capital. I have only shared what is working for ME & nothing more. I don't care what others are doing, or have to say about stop loss.
Forex Trading with zero risk is now available! You have absolutely no risk and start trading on the company's money. You have absolutely no risk and start trading on the company's money. After a successful trade, you can withdraw as the initial start-up capital, and earned money in the trading process. How To Trade Forex SuccessfullyHow Do You Trade ForexI am doing what has & is working for me. You have selected a good topic & will receive many views, but do what is good for you. _______________________________ _____________________________. I am remember one of my student said. ![]() How To Trade Forex PdfStudent: Teacher why your stoploss always got hit? How to prevent that? Me: There is no 100% sure profits In trading,Trading is probability game and Loss is the part of the game Student: If our stop always got hit then its better we dont set our SL order Me: Whatever,if u think like so then just do it as In trading you need find where ur mistakes it and learn from it every month am monitor her progress and every month am see her floating minus positions,she cant accept the loss and she never ride the winner,whatever how many profits she closed in every position,her floating minus positions always cant cover her profits position well. With or Without? Large or Small? Trading Without Stoploss, are you really?? Both are stop losses. How To Trade StocksHow To Trade ForexLarge emergency stop loss. Is it a Stoploss or a comfort blanket? Does it contain a Mental Stop if so is it really a Large emergency stop? Last swing High/Low Stoploss R/R Stoploss Percentage StopLoss 2 x ATR StopLoss Any other StopLoss. I know someone who does not use a stoploss, their account is now much bigger than mine and they are still in business 7 years later. This sentence over simplifies what he does, he does cut losers so in a way he does use a stop loss. I have tried all of the above and my comfort zone is using a Stoploss sooo tight that even a drop of water could not squeeze past. My entries are micro pips precise and I rarely take a loss. Breakeven Yes but not loss. Mathematically Stoplosses are a hindrance to profitable trading, see attached PDF. The real question is. 'Are you a '3Ps Trader' (Professional, Proficient, Precise) if yes then SL is optional, if No then come back when you are.
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