Trading Without Stops and Why Stops Don't Work ❗❓

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Trading without stops and why stops don't work. A bit of a controversial topic this one. I've done videos before on how to manage your trades without stops. It is a fact that for most strategies when they are backtested, if you put a stop loss in that generally has a negative outcome on the strategy. If you test the strategy without a stop you generally get better results. Yes, you get days when you get wiped out but ultimately over the long term the backtesting performance is better without stops. So why do we use stops if we know they have a negative impact on our trading? The answer is of course that we want to protect ourselves against loss. Can you trade more profitably without stop losses? Do professional traders use stop losses? Can you be a successful trader without using stop orders? Can you manage the risk without stops? OK.P
- Great for some setups.
- Poor for most
- How do we manage risk otherwise?
- What's the answer to huge loss exposure?
- Why we should consider a no stop strategy?
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[@yogibtc261]

Pro tip: enter your position at the price where you would set your stop loss. Then put your stop loss below that which will invalidate your trade hypothesis. Also, ideally, the stop loss should be placed at a place, where market structure will be broken if price breaches that level. Market leans on a structure i.e. trend lines, ema/dynamic support resistance, fib levels, horizontal support resistance. Stop loss should be below the market structure where if it ever breaks, it is expected to go a lot lower . This way you can enter at a better cost basis later even though you might incur small loss bow.

[@SSEnrich]

I tested without a stop back in March. Scalping. I had days with maybe 80 % success and still I had days with 150 pips loss. The problem is that it only takes one trade without stop and maximum bad luck and the whole week is ruined.

[@snay6869]

I love stops. I just put them where my position gets 100% invalidated. They're super useful.

[@kr9244]

Never put stop losses, privitise your risk assessment by watching your leverage ratio AND KEEPING THIS INFO TO YOURSELF - stop loss hunts happen all the time, I've seen multiple bear raids on stocks, with pathetic low volumes and large percentage points drop to drive the price down. Our data is being sold and manipulated. Make these investment banks, brokerage firms and prop traders work for their money. The greatest advantage retail traders have is TIME and a DAY JOB.

[@jorge86rodriguez]

I would never consider that for day trading, for intra day yeah I can see your point

[@domainnameguy]

Grrat video and some great comments to I have experience swing trading option calls without stops etc When you day trade you are effectively taking small steps up a mountain or a floght of stairs but when you go in and out of each trade you leave the mountain or go up and down a single flight of stairs all day long every trading day etc eg one step down turn around and then 4 steps up etc and then turnaround and go back down 4 steps down turn around and go up one step etc and thats pretty much day ttading watching chart patterns etc But when you swing trade options you can be in a trade from 2 or 3 days to 2 or 3 weeks etc and you get to see every chart sequence etc but when the market goes sharp downward turn most traders stops will have exited the trade but most swing traders that dont use stops know that the downward turn usually comes straight back up again Most new traders when they see the stock price go down eg when first trying out swing trading for example eg leaving trades open overnight may see the first day they leave their trades open overnight and the market opens down -%50% for example most new traders may close their trades and accept the -50% loss etc and then start tying to buy new trades that they hope will recover the -50% they lost etc but experienced swing traders will stay in the trade and the next day the market may open another -30% down and new traders will usually close their trades and accept -80% loss etc but experienced traders will still stay in the trade And heres why Because if you trade as warren buffett calls them Wonderfull businesses They are usually big global brands which wont go bust and a trade in a big brand usually wont get close to -80% etc it ×ill only go down 2 or 3 market open gaps in a row before it starts to return to previous trading position price but if a swing trader sells a losing trade at first maket open down gap they have to day trade their losing trading balance back in to profit eg climbing the steps and if they sell their trades at the second or third consecutive market open down gap etc they could have lost 80% of their trading balance and have to day trade their trading balance from 20% of the balance to make up the 4x current balance which means they will have to at least double theie new low trading balance at least 2 or 3 times where as an experienced swing trader stays in the trade and waits patiently and efectively doesnt get out of the lift so to speak and the lift usually returns the -80% trading balance back in to profit over the next 1 or 2 market open up gaps When you understand this you trade with more confidence and patience and you should see beter returns on your trades if you hold trades for longer

[@l4k]

Good point, manual stops are almost always better if you have a clear strategy and discipline

[@lasisy]

Excellent advice...reduce leverage and use wider stop.

[@mikescarborough9196]

Trading reversals in forex is a great way to get stopped out. You become the low hanging fruit and you will be eaten. I will stick to trends on a daily chart thank you very much. Which is not to say I don't totally admire successful day traders.

[@easyfixfx1392]

Price is usually rangebound, using a TP instead of a stop is usually better, but with lower leverage, the problem is most traders won't even hold a trade longer than a few hours

[@tronicit]

The other issue with a “hard” stop is it doesn’t allow you to ride a market dip which might mean the stock or index is sound while the market is tanking .

[@phamogee]

Thanks for this. I agree with every bit you said. I have been using these strategies even before you made this video.

[@SF-fb6lv]

I guess stops are like insurance: They will definitely lose money compared to not having them, BUT they may protect you from a CATASTROPHIC loss. So it's about staying alive, not maximising profitability, right? But also, if a true market catastrophe occurs, and your stops go off- where will you get filled?? There will probably be a whole lot of institutions ahead of you- so you are not going to be 'first in line' to get out.

[@PlasmaOscillations]

Some of my best trading on /NQ has been without stops. But I did it without an emergency stop and that was a mistake. I'll try again with emergency stops.

[@petersmith2112]

A large stop that isn't where most other traders would put theirs is a good idea. As you said, have a calamity stop in place for safety but mental stops can work, they just need self discipline.

[@chriss9779]

Intra day trading yes this is a good technique as you have more screen time but I wouldn't go to sleep with an open trade and a wide stoploss

[@gusmanue8337]

I dont use stop losses at all risk is defined by your position size if you trade small and often then you.dont need one

[@banginzaza]

Yeah you can always hedge

[@paulbrown5839]

I tried removing stops from my algo and in backtest it did worse than with stops. BUT, you gave me an idea which i implemented with success (so far) in backtest. What i do now is have a tight stoploss by default. I monitor my recent winrate (last 10 trades), if i am on a losing streak then i loosen the stoploss until i start winning again. Initial feedback from my backtest is good. I definitely think there needs to be some logic behind the stoploss. Trailing, fixed, etc... is not good enough. There needs to be some logic that is looking at current conditions and decides on the stoploss strategy dynamically during trading, so the stoploss strategy adapts as need be. Perhaps there is more to it than just volatility. Question for you - how far do you backtest an intraday strat? If it's doing 10000 trades in a few months is that a reasonable backtest, or should it go back to 1 year so as to include various market regimes?

[@BassicVIC]

Yes. But…. without a STOP LOSS in place your are exposed to a massive or catastrophic loss if (when) a flash crash occurs (or even when it spikes with sudden news or events!). Been there, lost that.

[@sommi888]

🧡💛💚💙 95% of traders will not respect their "mental stop". They will not cut early enough and they will average down. This is very dangerous advice. 🧡💛💚💙

[@jakubvalenta5403]

Someone says that stop losses are suicidal, or stop losses are the reason for losses. OK then don’t complain about the new esma margins, you can trade 1 penny per point. And if you go bigger, I want to see how much heat are you going to tolerate, because you will take bigger loss anyway. Why? Doubts about the trade will grow bigger, as the loss will grow bigger. The idea is good for experienced traders.

[@laxide13]

so... no risk reward?

[@jakubvalenta5403]

It’s not about trading without stop loss, it’s about opening the trade in the right time and then adjust adequate stop loss.

[@edwardmcevoy533]

They are Called Stop loss i prefer to think of them as Accept loss.

[@snoozinghipo]

Obviously not for scalpers this vid.

[@juanslangtv9767]

stop loss is a scam. it is the worst mistake I made in my entire life

[@jackiedane3408]

why not just hedge your delta with a put LOL

[@kiwitagrandpretre1991]

That's how I do it.

[@stefan4831]

so when you want to go long you buy the underlying and then buy a put with similar strike ? this would only be for long term big move trades no? because price of the put will take quite a cit out of your pnl to begin with. what underlyings do you find this works well with ?

[@kylereese4542]

Stop loses are suicidal

[@lombardo141]

Kyle Reese not true. I use them all the time. What works for a trader may not work for you. If I get stopped out I can always get back in. 🤷‍♂️

[@jakubvalenta5403]

Kyle Reese what? 😂👍 good one.

[@kylereese4542]

@@lombardo141 Absolutely. It depends on the preferences of the trader. Personally, I've lost more money from stop losses, than kept safe.

[@kylereese4542]

@@jakubvalenta5403 Seriously. Market makers see where your stop losses are , and they'll make sure it's hit. After your stop loss is hit, the price hits your take profit, several times. Its torture to see this, over and over again.

[@lukaszl9542]

I came here just after a fk.. n stop taking me out of a great short, by 5 points...

[@danstylus1]

A lot of people taking the wrong message away from this. He isn't saying avoid stops he's saying maybe wider with lower size is more profitable over time. If something dumps completely and you would have been out after a few % you'll lose a lot of your account without one

[@nickedmunds1829]

Excellent, I used to trade Without Stops and made Money because I came out when the market/trend told me it was changing. I started using stops and lost trade after trade which then reverted back to the direction I had chosen to trade. Frustrating is not the word 🤬🤬😡

[@AlexRiding6]

Biggest issue with stop loss is the false sense of security it gives. Most of the time if big crash happens, it will be on gaps at open where stops are useless. Best to manage position size and hedging.

[@SauravKumar-rg8eh]

I have traded without stops and blown up 8-9 times (real accounts). Still a beginner and trying learn and control my emotions.

[@DarthTrader707]

I enjoy your vids, but in this one, I think you really do miss the mark. Sure, stops are used to manage risk. But, what they're really used for is to manage EMOTIONS. And most people don't get that. Seems maybe you don't, either. What do stops really do? They DEFINE your risk. If you go into a trade knowing that you're risking a meaningless 1% (ya, ya, barring slippage and a gap), it's amazing how little you "care" about the trade. It's amazing how little stress is involved. I'll take a "touch and go (back up)" stop out any day for the piece of mind of being able to put a trade on and not giving a rip about it from then on. I was a stressed out average trader for years until I learned how to use a 1R:2R (2.2R, actually) set it and forget all or nothing trade strategy. It is DEADLY for the vast majority of traders to use "judgement" as you call it at the 8:00 mark. And the reason is simple--we are quite literally engineered by 2 million years of evolution to fail in the market. Anyone who doesn't get that needs to do a dive into behavioral finance. Here is a simple example--we are, BY NATURE, risk averse when it comes to gain (meaning we don't want to lose what we have), and risk taking when it comes to loss (meaning we will take risks to recapture something). This may have helped us avoid starving on the serengetti plains, as we lived with scarcity and made sure we kept and enjoyed what we captured before something, or someone came along and took it from us, and went after what we didn't have, or after what escaped. But, in the market, it translates into taking a quick profit to "protect it" or, the cardinal sin of trading, taking a risk and waiting for a loser to come back. It's the rare person who can thwart his human nature and win--which is why upwards of 90% of the very smart people who enter the arena end up losing. Think about that...it's a 50/50 game, really (stocks go up, or stocks go down), and yet the thrown around stat is that about 90% of people who ante up end up walking away losers. It's because you're up against human nature...exceptionally hard to override. Stops are a weapon in doing that. For most people, buying and winging it with a "if it starts to go down, and "obviously" isn't working out, I'm just going to get out" is deadly. Even having a mental stop of "X" is a fools folly in most cases. It's so damn easy for the game to deteriorate into "well, it hit "X," but look at that weak volume...I'm just going to see....aw man....it's moved lower still....well, when it moves to X again, I'll sell like I should have...." And away you go. Losses spiral, and you turn into a stressed out, emotional mess. No....for the vast majority, stops that may result in a "bad beat" are just a necessary part of the game. It is indescribable, the detatchment and emotional freedom, that comes from having the iron clad rule of "never make a decision inside a trade." That's what hard stops and targets have meant to me. Once a trade is put on, I never think about it, and I couldn't care LESS about it...win or lose. Because I know, from a sampling of over 2000 trades trading the same set ups, that I have a positive, statistically valid ME (mathematical edge)--something you can only really have with a hard R:xR) I would never in a million years go back to the shoot from the hip "I can beat my emotions in a Spock like way" buy and then try to manage my decsions while the emotions of human nature rage. The game really is a "simple" one...once the emotion has been stripped out. 50/50 trades with a meaningless 1% risked per trade with a 2R:1R bracket trade will make you rich. If you can play the gunslinger and shuck and jive, cooly getting in, getting out, you're a better man than I am. Maybe it comes down to that....knowing our strength and weaknesses. I just know, I'm too "weak" to trade without hard stops. I get your point about using a wider stop, too, but the trade off there is, if you're using an R:xR methodology, a bigger 1R means a harder target to hit (a bigger reversal needs to occur). For me, it's just a probability that the set up is indicating a greater likelihood (probability) of going up X, instead of down Y. The great thing? That probability requirement is 35% to break even long term, and 50% (a coin toss) for crushing returns. And, as "high probability" as I think my set up is, it is actually not much higher than a 50% win rate. A wider stop will negatively affect that probability. Anyway, thanks for the great content.

[@joem3686]

If you’re jumping from stock to stock to stock I feel stops are imperative because you are clueless as to the behaviors of those stocks (such as market maker manipulations). You’re framing trades purely on price action. However, if you stick to a few stocks then you’ll have a good idea of what’s happening next and may plan accordingly. So, perhaps the good advice may be : use stops until you feel comfortable trading a particular asset.

[@bertoflores5046]

Been setting extra wide stops with judgement calls to close. Really made a big difference. I also ad a larger layer when the trade is deep against me when it looks very good for it. I then close my original enteries at just above break even. Ride the deeper entery or close all after break even with a decent profit. Appreciate your videos!!

[@NgoledgeTuition]

I trade like this, I'm the kind of guy who get annoyed when I get stopped out and then price goes my way! I can't handle the emotional pain, so I reduced my position size by 4 and have multiple entries, I will have a hedge Buy/Sell at the "I'm wrong level" and wait for price to correct or reverse, and try again..

[@-Buckarooz]

When i get in my car, I put my safety belt on, I do this just in case of an accident . I do not do this because I think there will be an accident, otherwise I would not get in my car. To me, stops should be used in the same way.

[@TrayTrades]

good analogy but no..

[@999adam999]

Good advice if you want to lose money.

[@Keno_jm]

When I put on a seat belt, I give it some room so that it doesn't choke me to death. To me, stops should be used in the same way.

[@zoltannovak9381]

I see what you mean however the video also make sense. The point made was that you need to have a proper exit strategy. Also when you are driving, most of the times you wont rely on the safety belt to save you from injuring. That should be one of the last resorts.

[@focus45554]

Execpt for the fact that there is someone who is just waiting to ram you off the road and off a cliff to take you out of the game completely. Those culprits are banks that

[@24rheal]

Thhis explains exactly what’s been happening to me . It will touch the stop and continue my way but I have to pay more to hop back in the trade. I’ve since widened my stop range to be there only if a dramatic move takes place. Great video. Thanks

[@ervinbosenbacher7356]

Gold. Use stop loss for absolute worst case scenario and stay in control with your exits.... Extreme price fluctuations might take out your positions while market structure, context and idea is still valid. The trick is to keep risk small.

[@Maestralius]

Maybe the best thing to do is to .. stop putting too tight stops ? But I really figured out what you mean with that video, it's kinda tricky )

[@adeolabejide4217]

Trading without stop loss is just like gambling. Because you can never expect to win every trade but once you have the right strategy then you will have a winning edge over the market. Trading without stop is like slow poison because your going to blow your account.

[@jonathangant251]

Market Makers lv stops because they hunt for SL and resell the shares they collected .

[@absolute___zero]

actually trading a trend without a stoploss on low leverage is a great strategy that can make you a millionaire over time. The key is to withdraw from the account periodically so in a catastrofic event you will be left with the money in the bank. And another key is of course - know where the trend ends, but you will definitely feel it with your first losing position getting very big in loss.

[@renejrgensen9865]

By the way - you could put in a hedge in stead of a stop loss (if allowed in your country). This way you will still be in the trade and can get out whenever you are convinced of the direction of the trade. That is free - but require that you are present and ready to react when it is time to close one of the sides.

[@Namdor2012]

USE STOPS....Just DON'T set them to tight, set them at a percentage..There is an art to using stops, but without them you can get wiped out or a huge loss can mess you right up in the head...USING stops is a must, LEARN how to set them properly..

[@qwertyuiopasdfghjkl2556]

Stops have cost me alot of money indeed, I made a couple of EAs without stops that make good money

[@focus45554]

A lot of people have tight stops because of this risk to reward ratio nonsense. Just be concerned with the risk when placing a stop loss.

[@gregkeen4907]

I just finished watching his other video about how to place stops.

[@pintail120]

Sorry but what you say is all grey, stops are specific to time frames you are going to trade. If you changed your stops to bigger if you are trading the 5min time frame you will get blown up for sure. Bottom widening your stop is increasing your risk. I think this video is click bait, any trader worth half their salt will never trade with vague stop losses. Good Risk management is a huge part of success

[@Plumbermark]

I always have a stop...However my stops are account saving levels at 30% of the account not for the trade, the trade I close manually when I think it's time to cut my loss and get out.

[@thescruffytrader]

Lower the position size and widen the stop makes perfect sense , gives the trade room to breath while risking the same money amount. Just have to see the bigger picture of the trade

[@samjohnson5044]

Seeing this just now. I've been paper trading for three months, getting stopped out only to see price rose thereafter. Thanks for the validation.

[@msar64]

I am 100% agreed. Trading is also an art. I found that almost 80% of my tradings were successful with a wider stop loss outside the price structure with Take Profit very much within the structure and not very keen on R:R of 1:2 or 1:1.5 but more on how much I can afford to loose on a particular trade and not to be so greedy on the profit unless for TP2 implementing a trailing stop (provided that it must always on the trend following and when the trend breaks, I will just exit with some losses without waiting my SL being hit). If I can afford the wider stop then I will not enter the trade. Money & Risk Management is mandatory but not implementing the usual formula of Risk to Reward ratio because many times they just do no hit the TP but instead reverse hitting the SL.

[@JenMarco]

I’ll never use stop losses again!! I do better waiting until it comes back to breakeven or just giving time for the trade to work

[@helldeirch]

stop losses work, you want your gains to wipe out all your loses, you don't want your loss to wipe out all your gains

[@stormtraders]

Only put in a stop when walking away from the computer. Stops create a lot of slippage. Better to hit the bid on areas where you’re setup is invalidated. Besides that, market makers can see your stops. It’s like saying here this is my plan, take my money if you dare. And they often do.. Tight market stops and market stops in general are one of the main reasons i see traders not making money. Good vid👍🏼

[@Sh4un1r1k]

I noticed in the past before Esma. The majority of my trades were turned out correct and the wide stops allowed the trades to move. Now under these regulations it's harder to make a decent profit unless exposed for a longer time. The silly margin requirements and negative protection it really limits my flexibility with a small account. I've never used very high leverage but punished on tight margin. Out of touch regulators.

[@geoffmelnick1472]

This was exactly one of two points that changed my trading from disastrous to profitable. The other point was how to enter the trade. Now I enter in the area where I used to put my stops, and my stops are much wider, based on the point that a move in the market follows an increase in volatility. And I don't believe there is such a thing as stop hunting. There's low volatility before the move and then the volatility increases, so a stop based on the low volatility is almost bound to be taken out prior to the move you're looking for.

[@kirkarnold9023]

I agree , a stop can be hit right before it turns up. But yes a wide stop and a smaller size makes sense. That is what I DO.

[@lombardo141]

Well I trade high ATR stocks. Stops are essential to my trading strategy. I can’t risk no stops cause I don’t have the discipline to know when am wrong. By the time I admit my losses would be too huge. So in conclusion it depends on what you trade. If you are trading good stocks like AAPL then it will come back one day. But trading POS penny stocks then that is not smart.

[@kidvinie6491]

If you've back tested then you should have stats on where the best place to put your stop EG. 1.5 ATR or 2 ATR. I know too many people that have blown their whole account not using a stop and then praying it will reverse.

[@TehBr0]

Great video. My backtesting also has found several 'losing' systems that become profitable once the stops are removed.

[@sparcx86channel42]

thats why I think stocks are easier. I just buy, hold without stop loss, the reason is because stocks won't ever hit zero, I can't imagine Apple or Google going to zero, so, I don't care if they are losing value, I keep buying. Forex does not work like that, if your position lowers too much, your margin is lowered and you can have your account closed for good.

[@regulardude2011]

I will use stop losses because I’m a noob. I swing trade. I see so many people holding their shares for a long period of time because they don’t wanna lose 20-30percent of their account, eventually they give up and sell for even a bigger loss. Would you rather lose 1-2 percent or 20-30? I don’t know, I’m gonna use stop losses because I can’t always stare at the charts and my position. Price goes up, I move my stop loss.

[@jimmiejemel1985]

Mmmhhh a wide SL means small size and it is difficult to find setups with a good rrr.

[@renejrgensen9865]

And finally. Thanks to Mark for daring to speak of this topic which most people are afraid of touching. Yes, if you trader guys don't know what you are doing (beginner or never catch the idea), then don't play with these ideas from Mark, but for the rest of us this is valid and we should think about it. Thanks Mark.

[@prafulpatel3804]

Excellent. Worth considering this out of the box thinking.. Thank you for your help. Regards.

[@rosariodipetta]

I think this is the best way to make profits in trading. I don't set stop loss but I set an opposite trade to freeze the situation, and I study situation after few hours or days...and when it's more convenient for me I close all positions of my account, because it's not important the single trade but the equity!

[@Crystal_G_1989]

I trade without STOPs now Im trap a month now, the price still dont go back... To close to liquidity...lol

[@tronicit]

The other side of the coin is if you don’t have automatic stops you need to be “strong” enough to put in a stop to protect your equity. Closing a loosing trade take commitment, it’s always hard to admit you stuffed up, ask any woman.

[@salv236]

i trade with a wide stop loss 1,000 pips from my entry with a reduced lots size, if you are trading without a stop loss its like being at the casino.

[@MichaelJosephJr934]

This is a tough subject and I struggled with it for some time. Now I mostly use stops well below my cost basis on my entire portfolio. If we have a major crash I will only lose roughly 20 percent of my entire portfolio. This is better than losing 50 percent or more. On my bigger winners I have my stops set above my cost. IMO the stop level should also be based on your age and time line. ( I also consider what level dip I want to buy that stock and the stop would be obviously lower than that assuming I'm already holding that stock )

[@garrykimovich]

Not setting stops only works for already winning traders, since they already know what they're doing and have discipline to get out. For newbs or losing traders, this will guarantee blowing many accounts and losing all your money quickly.

[@NamiBurger]

I think instead of using stop losses in areas you are aware the price may go to (against you), you can just add to your position and reduce your loss or break even on your first move. Eventually the price will trace into the direction you initially thought, after that realizes just use a stop loss to secure some profit before it reverses against you again.

[@howardhill3395]

Very irresponsible clickbait title. You''re encouraging traders not to use stop losses. You make sweeping general statements without any supporting specifics/context and you call these statements facts. By the way. market makers couldn't care less about where your particular stop loss is. Whether or not you have a physical stop loss, they know the key points where most traders will close their position. Having a physical stop loss at least takes your emotion out of the decision, and you prevent bigger losses.

[@cleytoncabral8616]

Dont think this works for retail traders as it becomes quite subjective way of analising the market. It can actualy be catastrofique for the humble guy behind the screen at home. As you said, it is how big guys work but they have got the tecnology a retail trader can only about. Retail traders must cut emotion by "being" just like a machines and execute the strategy sharply, cut losses here, and take profit there, that is the way! lol

[@deanofdisplacement]

Funded traders are subject to max daily losses. Yeah - we have to use SL's. If I were trading my own? I would not use a SL.

[@unfilteredminds-zd4ig]

stop loss orders are the liquidity for the smart money professionals. It is just giving all your money away. I never use a stop-loss.

[@SnowWhite-dr6xh]

So I go on the local high/low for risk management but I only exit if the price closes above that area. Then I have emergency levels at the range where market close is necessary. Depending on the strategy, emergency risk is rarely ever hit, but when it does you sure do feel sore in the ass.

[@tsabo8227]

Trump comes out in tweet something and a market Falls? Cheese another Trump hater. You guys just have to get that crap in don't you

[@bennypoon1506]

I definitely appreciate this video. This is something I've observed of many professional traders who use wider stops in exchange for a higher win rate, with the risk of (hopefully) rare days with larger losses. I'll think about this approach.

[@999adam999]

I have never have used stops and never will I trade with the 'big boys mentality' as you call it, just on a smaller scale, I use my account balance to hold my position(s) and use small enough sizes that it can't touch me (to a large degree). I have held positions in negative 0000's for weeks before, only time I get losses is if I put to much in or i cut it out at the right time as it's just a small portion in which I can use the money taken for margin for other trades and in the grand scheme of things I make much more in the end. I trade with a 5 figure account been trading 5 years and has served me well.

[@ricomajestic]

Non-sense! All major studies on stops seem to indicate otherwise.

[@lewislane1143]

I always will use stop loss. No exceptions. Will never risk blowing my account.

[@OnepunchMan-y8c]

I use stop losses as my stop order for me it makes my loss a complete minimal rather than putting a genuin stop loss

[@juliaisabella3000]

So if you have a Stopless set in there and the truth starts going against you and you already have profit you don't have to wait for it to go down to your stoploss right you can try to exit the trade immediately with the market stop loss right?

[@Iburn247]

Stop loss hunting def exists. I use mental stops instead of a mechanical one. However for new traders, having 1 isnt a bad idea. If they're having trouble emotionally cutting losses

[@floooobzdagget3734]

Do you think the same when managing risk scalping weekly options in a volatile market?

[@theopillay9908]

I like where you’re coming from Mark, makes absolute sense. I think you’re spot on that experience is required to dynamically determine your exit points. Well done, another awesome clip💯👍🏼

[@warrenapepuffet4612]

I'm back from my exams, to my favourite channel

[@I-WIN-LOTTERY-JACKPOTS]

Is wide stops and when the market starts going against you to a point where your trend direction doesn’t make sense get anymore get out

[@Flow_State1991]

Watch for those wicks above your levels. This is how they stop us out!

[@robertbelt8317]

I have thought about this for a while. I am a relatively new trader. Paper traded for 4 years and have been trading with real money for the past 1 year. I keep a daily trading journal. As I look back on the journal, it is filled with complaints about being correct on direction but just being a little bit too early and what happens is I end up losing 2 -3 times in a row trying to ding the entry and by the time I get the entry correct, I end up just making all of my losses back and breaking even on that trade idea.

[@jamesgrey13]

A bunch of little stops can wipe you out about as well as one big no-stop!

[@russellbranch782]

If your day trading I agree stops do not work.

[@homrundude]

Hard stops save lives! You have to earn the right to use mental stops....Market makers don’t care about your 100 shares on a $2.50 ticker...you can’t trade if you blow up. Live to trade another day.

[@mextremera]

I think it depends a lot on volatility. On volatile markets using stop you will lose most trades. The best thing is keeping an eye and later putting stop in break-even or closing manually. As he says, leverage should be low if you're not using stops (2:1 usually and 10:1 maximum?)