I have been trading 4-5 days week the last three weeks. What’s the point of a stop loss if the market gets your money if you are in the red?? Does it have a timer on it when you automatically lose your money? I have yet to run into problems not hitting my profit requested. Obviously my percent of a win is on the lower end but still I have yet to have a loss.
Can someone help me on why they pull out when not in profit?
Because the market could keep going against you until your loss is as big as your balance.
Parker said:
Because the market could keep going against you until your loss is as big as your balance.
Thank you. I haven’t seen that much movement.
Parker said:
Because the market could keep going against you until your loss is as big as your balance.
Thank you. I haven’t seen that much movement.
You will. Trust me.
Parker said:
Because the market could keep going against you until your loss is as big as your balance.
Thank you. I haven’t seen that much movement.
Yet. It’s more of a problem when over-leveraged though.
Zaid said:
@Parker
Can you blow an account with proper leverage?
If you decide to no longer use a stop loss for your trades, you will 100% lose all your capital. Straight like that.
@Stevie
I will never encourage anyone to not use a stop loss, but this is just untrue. I scalp and stop losses are not necessary. That said I’m focused on my trades, so I am the stop loss.
Of course a situation could arise, where my power goes out, and my cell towers also go out, but that’s the risk I bear. Stop losses either take too much to make it worth it, or close trades that I wouldn’t otherwise close.
@Stevie
I know it’s the broker, as I’ve checked other brokers and the charts are exactly the same.
In regards to entries, I like them, but hard stop losses are indeed still hard to accept. Not the risk, the false breaks. The price moving to my stop then closing way above it.
I need to give the charts room to breathe. If I don’t, I’ll get hit by retracements within the same bar, or my broker trying stuff. Both just mess with my mental.
It’s a hard road to walk, and I have to always be focused. That said, I’m a scalper so it is what it is.
I do work with stops for bots, but manual price action? I prefer not to.
The more it goes against your direction the more you ‘loss’. We use stop ‘loss’ to limit the max amount of money we are accepting to lose.
Jaden said:
The more it goes against your direction the more you ‘loss’. We use stop ‘loss’ to limit the max amount of money we are accepting to lose.
Thank you.
A stop loss got your back, man. It’s like your safety net, it cuts off losses automatically if the market starts wilding against you. Keeps one bad trade from messing up all your profits or blowing your account.
Leith said:
@Samuel
The markets I have jumped in have yet to make that type of drastic move.
Forex factory will tell you when some big moves are coming 
Leith said:
@Samuel
The markets I have jumped in have yet to make that type of drastic move.
Give it time.
Leith said:
@Samuel
The markets I have jumped in have yet to make that type of drastic move.
Very low volatile instruments can still save you from not using a Stop loss. But a very high volatile instrument needs one crazy move to clean you out.
that way.