Originally posted by Razumovska
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Anyone Trade without SL ?
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Originally posted by forexbonus100 View PostTrading without Stop loss is very Risky
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Originally posted by arbtrader View PostWhat about some world event like terrorist attack or tsunami that might wipe out an account while sleeping?
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I've learned the hard way that even placing a stop loss isn't a security against major losses. I had a good limit stop loss before I went to the bed the night before the British referendum. To what do I wake up to? Not a hit stop loss but a stop loss that got triggered but not executed due to the fact the market was so volatile that my stop order didn't reach the market in time to get executed. Result? 20K loss on a 28K account.
I now place a stop depending on the situation. But most of the time I still place a tight one because I trade breakouts on H4 and daily and either you are correct and it shoots out or you are wrong and it goes the other way or stays side way for a bit longer.
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