Do you use stoploss?

There is nothing instead, just use a stoploss. It is your defense in case the markets turn hard against you.

The markets are not rigged in general, they can be influenced by large orders and driven in a certain direction temporarily.
Stops are hunted that way, that is true. But instead of not using them, perhaps we just have to place our stops in a better place?

A very smart trader once said "I place my entries where most other traders place their stops". Food for thought

Best of luck to you all.


C

I mostly use stoploss because no one can predict the next move of the market, so to avoid big losses, it is advised to use stoploss.

Whom advises it?
Stop Loss can't get hit if you don't place one.

Stop Loss is the most important aspect of a trading plan.
Here's how I use mine to make sure I stay profitable.
My Trading Journal: https://www.forexfactory.com/thread/1276242-hitbox-strategy-profitable-forex-futures
I'm journaling all my wins and losses here. TP, SL and all.

I couldn't have been profitable this week without using a stop loss. As traders we're risk takers / not risk it all takers haha. To each his own though.

Lol... you're 87% win rate on 7R trades. How are you not a billionaire yet?

Well, it was a great trading week with obvious set ups so I'll give the credit there lol. But, If I keep up the consistency with my strategy (this version is fairly new, I've been refining it the last year or so), I don't see why I shouldn't have at least an M in the bank in the next 2 or 3 years. Haha

It's an intriguing idea

Hi ronald_fsm,

Sorry for my English,

Yes, a stop loss is an integral part of successful trading, but sometimes you need to take more risk to get more profit.
I personally use a stop loss of 1-3% of the trade volume

I remember I almost wiped my account for not having a stop loss on a Gold trade, so now I always try to have a stop-loss and take profit. I believe they are a must.

Do you use stoploss or not?
Yes, stop-loss orders are recommended in any trading strategy. They are a crucial tool for managing risk and protecting a trader's capital from significant losses.

Why do you use stoploss and why you don't?
The primary reason for using a stop-loss is to limit potential losses on a trade. It helps ensure that if the market moves against your position, the trade will close automatically at a predetermined level, preventing further loss. This is essential for preserving trading capital and maintaining a healthy risk-to-reward ratio. Some traders may choose not to use stop-loss orders if they are monitoring their trades very closely and prefer to make decisions in real-time, but this can increase risk.

How many pips do you use your stoploss?
There is no set number of pips for TP and SL orders. This varies depending on the volatility of the market and the trader's strategy. Generally, consider the average volatility, the entry point and how much capital you're willing to risk on the trade. It’s important to tailor the stop-loss distance to the current market conditions and your trading style to effectively manage risk.

I don't use stop loss, I do headging instead
I use several techniques depending on market condition.

What specific hedging techniques do you use to manage risk instead of a stop loss?

Yes, I use a stop loss to manage risk and limit potential losses. My past experiences of being wiped out when I didn't use it have taught me how important it is.

Instead of using stop-loss orders, I use techniques like options trading, where buying puts or calls can provide insurance against adverse price movements. Another method is to diversify positions by taking offsetting trades in correlated or inverse markets to balance risk. Additionally, employing a hedging strategy such as spread trading or using futures contracts can help mitigate potential losses and stabilize overall portfolio performance.

Hi ronald_fsm,
thought id reach out and give you my opinion as an institutional hedge fund trader.
I have worked for some of the best hedge funds in the world and every strategy or well thought of trade idea always consists of several key elements:
1. defined entry and exit levels (encompassing both stops and profit levels),
2. trade structuring ie if you're trading fx, do you express your view in spot, using fx forwards, options etc
3. trade/ risk allocation ie how much capital is one willing to risk on this trade. Now this typically is a function of your forecasted or perceived stop loss * by your delta per point.

A trade idea/strategy which does not carefully consider stops/target levels is not a viable trade unless you're a net buyer of shares. a good trader who maintains a high sharpe ratio will always simulate his downside and assess the 'worst' impact the trade should have on his overall book or portfolio. Hope this helps

yes,i use stop-loss,and i think stop-loss is the important.it depends on which pair you trade,1% is the max.

Stop loss is important in trading. You might lost all your balance without stop loss. Another way is using cut loss. Cut loss is better than stop loss when there a clear sign the trade is going against you. Cut loss can minimize your loses.

I dont know what other way i should emphasize on the importance of stop lose (SL) i hope people would need to go through the pain of blowin an account like i did )) but with all seriousness use some stop lose, i have no plans of opening my Nth HFM account due to lack of SL LOL! happy pip hunting.

I use stop-loss orders in trading because they help limit potential losses and protect my capital. By setting a predefined exit point, I can manage risk more effectively and avoid letting emotions dictate my decisions during volatile market conditions. Stop-loss orders are essential for maintaining discipline and sticking to a trading plan.

I have a stop to stoporder function. hedge die position eine kurze zeit
it makes it emotionally easier not to lose a complete R if you still see hope for the situation.
Trading completely without a stop is harai kiri.
The black swan is not far away, losing is part of the business.