Why Stop Losses Don't Work? | Trading Forex without a Stop Loss

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[@Keno_jm]

I prefer a wide stop loss based on higher timeframe structures just to prevent a black market event from taking my account with it.

[@slimskinny]

Retail trader: sets stop loss Market makers: We got a live one fellas.

[@ikerob9794]

This was too funny, and I'm in agreement with you bro.

[@antarshakti3093]

Stoploss is not the traders friend but psychology is.

[@senurasenaweera2470]

It depends on your risk per trade, if you trade small lots a stop loss is not necessary because a huge swing in the opposite direction will not kill your account. If you trade large lots then you need one cause you can get wiped out.

[@cr4yv3n]

THIS 👍👆

[@Algoo-X]

Exactly

[@Cor430vette]

Stops are to reduce risk if you are already taking too much risk. So yes you need it if you are going for get rich schemes and big money. Stops essentially guarantee a loss if your entry turn bad..However, If you reduce how much you are putting at risk and scale in instead your initial purchase can be wrong and you still dont lose money. Just scale in correctly with a system...Also stop open market trading, margining your account, taking overvalued stock and buying for breakouts etc etc. .

[@colin4215]

Higher timeframes and wide stops is the key for me. Tight stops always stomped me out and then the trade went in my favour when I was out. Super frustrating!

[@karamellol]

What kind of timeframe do you consider high enough? I use a 15 and a 5 minute timeframe, and my stop losses get hit 70% of the time

[@Siyk7]

In reference to that thumb now it’s not the stop that didn’t work. It’s the orderblock that was in the wrong place.

[@Mr.conserv]

For example , if you put in a sell and it’s buying put in a buy and counter it and then Profit and wait for it to swing back around?

[@OneCreator87]

You can use a 2% stop loss on a single positon or average out with two 1% positions against those lovely "hunt" moves that happen all the time. You will have a big loss eventually but it's easier to overcome (emotionally).

Thanks a lot for this, Nick

[@n91605]

Having no stop do not gaurantee you stay in the market either ...a margine call will take you out.....and that really is catatrphic.

[@TraderNick]

That's right! The short answer is there are no guarantees no matter what you do.

[@carlo9524]

I think that no stop loss strategy applies to stocks that have a habit of whipsawing like BMW, L'Oreal, Adidas. If you look at those stocks they just whipsaw in one day like 5 ATR upwards. In just 1 day.

[@oliphauntsneverlie6227]

Nick - I would like to hear more about your father's system! It sounds intriguing.

[@n91605]

The Swiss trade with no would have margin called .. on the other hand a 1.2 sell hedge would made a very nice profit

Hi. I am very new to forex and just have some demo accounts. In my demo accounts I have never used stop loss and except 1 account with 3 thousands dollar others are all in profit. I just have an idea while watching your video. Assume that I open a long position on EUR/USD and margin is $50 and the total equity is $1000. I decide in for a stop loss level on a feasible level but DIDN'T TRIGGER it. I mean it is my stop loss level but I DID NOT GIVE ORDER for it. Well, here the question is that Should we open a short position a few pips under that decided level so that if it declines even under that level we can start getting profit while the long position is losing? Also, for a chance of reincrease we enter a stop loss level for the short position on a feasible level that supports upward trend again. I'm a newbee and I haven't implemented such a thing for now and I don't know the end consequences of such a strategy. I think that if the decrease last long and long position is losing profit the short position will continue getting profit and it will equalize the profit and loss and the account will not blow out if am not wrong. Here I don't know those. 1. Will be any extra margin will be used for the short position again? 2. Will be profit from short position added to equity so that there won't be a margin call? 3. It is not guaranteed that the short position will be triggered while decreasing is fast. There can't be a fluctuation on the level of short position and it cannot be triggered even the decrease is lasting. Again, I'm just a 2 weeks forex trader and I haven't tried such a thing yet. I just thought this while watching the video.

[@tendaichimombe9849]

Nick Are you The Owner Of No-nonsense Forex I have Noticed you have a lot in common thanks for insites

[@aahithmohamed2314]

Market structure with hedging method is profitable for without stoploss

[@paulbrown5839]

Manual stoplosses? In a disaster , when you need stop, you may not be able to get a trade filled.

[@cr4yv3n]

6:51 RIP bulls Omfg whoever shorted this, is Bezos #2

[@petereastman2663]

I believe that brokers do "stop loss hunting." I have been hunted.

[@mad234luiz]

Lmao

[@johnclark2966]

TotheK I N G D O M what do you mean by widened I thought you pay the spread at the beginning and that’s it?

[@Darren_S]

LOL yeah because of course you put a million dollars on that trade and that caught the brokers attention to take out your massive stop loss.

[@AgainRobin]

My friend shorted GBP last thursday with a SL didnt really work .... margin call😂😂😂

[@idotrap4202]

😱😱 feel sorry for him

[@therebelroble2079]

That happens only when u trade a 200 Account with a Standard lotzise..... and overlaverage

[@IzhakIb]

How big was his stop loss and position size?

[@8dsomalisongs319]

First 😍

[@John76125]

When you said trade with 0.01 lots as an example to manage your risk with a small position size, what size account would you recommend for this small position size ? $10,000 or $50,000 ? generally speaking, can you give some examples please of small position sizes relative to the account, ? thanks brother...

[@John76125]

+ how do you recommend not going into debt with broker cause even with small position size if the pips collapse entirely to downside you will still owe your broker money no ? or is it just such a small amount it doesnt matter or can be easily covered ?

[@TraderNick]

It really depends on your risk tolerance. I would consider a 0.01 lot size on 10000 USD to be a very low risk tolerance level.

[@asastillero]

why did you reveal this secret? anyway this is the #1 reason why most trader dont succeed. hope you wont reveal another secret

[@BugsyBalone]

XD

[@buatsubs3961]

you talk too much

[@TraderNick]

I do indeed

[@Rasheentaylor]

I personally don’t use a stop. I have better results that way. I watch my trades from start to finish and that’s how I manage my risk. Whenever I used a stop loss listening to everyone else I blew every account

[@dreday1928]

Rasheen Taylor means you blow your account

[@gabriellevanaarde9017]

agree I also dont use stop loss, but do mental stop loss and have far better results

[@allisone4370]

But, ain’t that put a substantial amount of pressure on you, watching the whole thing from start to finish?

[@OneCreator87]

But you DO have a stop loss, it's your whole account margin.

[@racketspeed1812]

i did keep my margin % to 1000% and do not use stop loss...i had a good results

[@jamesb8305]

To me, a hard stop loss says "Go ahead. Take my money boys!"

[@sharnsimmonds]

I enter trades with out Stop loses , when in profit I modify trade with SL in profit

[@daniloserra6398]

Appreciate Video clip! Excuse me for chiming in, I am interested in your initial thoughts. Have you thought about - Schallingora Trading Shark Scheme (erm, check it on google should be there)? It is a great one of a kind guide for revealing an amazing forex technique to succeed fast minus the headache. Ive heard some amazing things about it and my friend Sam got amazing success with it.

[@carmenaliciarondonrivas2173]

Cheers for this, been searching for "what is stop loss in stock trading" for a while now, and I think this has helped. Ever heard of - Seyilliamorn Unflappable Smasher - (just google it ) ? It is an awesome exclusive product for discovering how to trade stocks lik a boss without the hard work. Ive heard some pretty good things about it and my work buddy got cool success with it.Cheers for this, been searching for "what is stop loss in stock trading" for a while now, and I think this has helped. Ever heard of - Seyilliamorn Unflappable Smasher - (just google it ) ? It is an awesome exclusive product for discovering how to trade stocks lik a boss without the hard work. Ive heard some pretty good things about it and my work buddy got cool success with it.

[@baderalzayani6661]

I do something similar..with some extra measures

[@cradleofrelaxation6473]

That’s actually sweet, I do that too but some trades never get to profit. That’s when that will put you in trouble.

[@zillionairesclub2983]

stop loss to be or not to be, that is a question, William Shakespeare :)

[@laxide13]

icon

[@Miloolio]

Obviously depend on what strategy we’re using, for me I’m not a fan of stop losses, there outside there’re different ways instead of stop losses, which personally I much better prefer. Thanks for the videos Nick, you’re part of KZbin well trading education!

[@DavidElstob73]

It's not stop losses that are the problem - it's entering trades in the wrong place!

[@kevinjohnson3521]

Touché 😂

[@bellaolum9768]

When I don't use stop loss I make profits, but whenever i use one it gets hit. Hope I'm making sense

[@asastillero]

why did you reveal this secret? anyway this is the #1 reason why most trader dont succeed. hope you wont reveal another secret

[@tendaychart]

LOL!! Right on!!!

[@Dmarcuz]

I don’t I use a stop loss, but I use the Trading View Alert feature as a “stop loss” - which alerts (sms text) my phone when price is approaching/crossing that “stop loss”, and then I flip a coin heads or tails on whether to stay in the trade or close the position.

[@geraldlucero9407]

I like that style. :)

[@muttakiminar3681]

wow sounds good

[@tamfx2138]

Why didn’t I think of that 🤔

[@I_Am_Midnight-i]

😂

[@cradleofrelaxation6473]

😂 😅😮 funny

[@D_Trade]

As I started the video I was thinking about things I was going to add as I don't use a stop loss, but you nailed it. To further stress what was said, smaller position sizes do wonders. Another great example is maybe you didnt get the entry just right, but are right on the call, a smaller position size will allow you to add another position to help you exit the trade break even or in profit. I rarely lose money on bad entries because of this, BUT it's important to be able to see the difference in a bad entry or a bad call or losses can definitely pile up. Glad I stumbled onto your channel!

[@langeswaran5294]

sounds good.... Is it still working this method.? Thanks

[@D_Trade]

@@langeswaran5294 Yes it still works and hasn't failed me yet. Once you have a solid setup you like to trade and its consistent, average into it. If you happen to nail the entry perfect (doesn't happen often) enjoy the ride and take profits. Biggest thing to remember, base hits win games. Don't swing for the fence and let the bigger trades come to you as they will. Good luck

[@JenMarco]

When I didn’t use stops, I was up 211% in 5 months. I started using stops and now 4 months later I’m only up 10%. I’m done with stops. We can’t trade perfect, give the trades time to work.

[@bradleysdavis8400]

A stop loss will not work for you on 9/10 (short-term) strategies. After years of tinkering Iv'e found the most effective stop is a hard equity stop. i.e. if your trades in total hit a negative equity level of XX% , close all trades. You can set the level to what you feel comfortable with, I personally use 20%. I know to the £100 (on a £10k account) how much I'm going to loose if my combined trades turn against me. I have 20% in reserve to top up and carry on. 100% agree on the small trades Nick. Greed will always, ALWAYS kill your account no matter how smart you think you are.

[@TraderNick]

I love that idea. A equity stop is a really interesting topic. You've helped me with a future video I think :)

[@michaelguernsey9494]

Also, how about putting in what I call a 'catastrophic' SL? One where if you are watching your trade, you can put in a 100 PIP SL which is not often hit but that 100 PIP SL would comprise...say, 15% of your account and base your lot size on that so you guard yourself against a huge institutional move but you avoid the 25, 40 PIP SL that gets hunted so often. It sort of gives your trade room to move and you can always exit the trade based on price action, etc. So the worst case scenario is you lose 15% of your account but you have executed a risk management trade.

[@TheStanding8Podcast]

Interesting take. Thank you

[@dhruvilshah3772]

frankly speaking, using daily charts for taking your position and exiting is more reliable. In my cases most of the stop losses are hit due to setting them on lower time frames. It's a good strategy by your dad holding position for 20 days. At least he wont get trapped in whipsaws. Very informative video !!

[@CookWithStephh]

Do you have to have a big account to do that?

[@rosariodipetta]

I agree...in this way we can save from a lot of stops, but a lot of traders hate you when you say this!

[@frankietu]

Just started testing mental stops today. Did 50 trades back test and found that hard stops get tagged way too much compared to the mental stops. With mental stop I was able to turn losing trades into break even or winning trades. Definitely a viable strategy

[@Kevinschart]

Trader Nick...What on earth are you talking about? Anytime you close a trade for a loss you've used a stop loss. You need to have an idea of when you want to take a loss and move on. If your stop is too tight mental or otherwise you will close your trade too early. This whole video you criticize stop losses and then you go on to list all the different ways that you and your Dad implement "dynamic" stop losses. Semantics.

[@PakFan786]

Smart money is smart because they can see your stop loss, when ever i entered a trade the price instantly moved in the direction of the stop loss, this means they are waiting for you to take your money.

[@PakFan786]

We need to find A book rather then B book brokers, B book brokers never send your trade to the market but trade against you.

[@Darren_S]

Yeah the big guys were especially eyeing your tiny stop loss.

[@Jmiles4739]

The markets are manipulated. They know where the stop losses are placed. They pick them off on purpose. Don't use a stop loss. You'll lose.

[@gubroojatt]

I am no where as experience as some of the traders out there but personally I never use stop loss, but then I never open a contract/trade which is more than 5% of my account. Trading is relative, if you have $10,000 account, don't expect to make $1000 in day, you will be lucky if you made $200. My losses sometimes run into thousands but the reason I have no stop loss is I can afford to lose $2000 in a day because I have $80,000 in my bank account. Trading is not get rich quick scheme. It's 25% skill, 25% luck and 50% how much money you have in your bank. PS: If you have a small account, please always use stop losses to manage your risk otherwise you account will be wiped out and you will have no money left to trade

[@olayiwolakamoju6223]

You can afford to loose 20grand in a day. Do u make 20grand in a day with d acct?

[@tradingexperiments7621]

Great Video Nick! I agree Hard Stop Loss isn't always the best approach.

[@TraderNick]

For some people it is what is comfortable, and for others it's not the best!

[@jimchokdeesal3057]

i follow strong trend, and continuing trend i dont need SL .. so far its ok

[@tamfx2138]

Now how are you doing without a sl?

[@yassinetalbi5884]

Well be carefull, trend is not always " your friend"

[@motox20]

I’ve been learning to trade for about a year, finally staying green consistently. I’ve lost count the amount of times I’ve been stopped out(usually by just a few pips) and then it went in my direction, but not using a stop is a bit scary lol. Seeing as I sit and watch my trades anyways I may try smaller trades with mental stops. I started adapting by manually closing for small wins or losses if I see something that makes me think I’m wrong, then if it continues in my direction I enter again but still have a stop loss if it moves quick. Doing it that way has worked great for me, on my practice accounts I’ve made 5-10% in just a few days each time with a lot of smaller wins and just a few losses.

[@tradingsentral]

I wonder WHY traders or trader wannabes use moronic leverage on $100 accounts because they want to get rich quick! Trading isnt a get rich quick scheme. It should be treated as another income stream. With strategies that have an edge coupled with sensible position sizing and risk management, stops will not be run over that frequently. My advice is never get into a trade without stop loss unless you want to babysit the trade or use a percentage of your account balance as stops. BTW, been trading successfully for 13yrs. Nice video Nick.

[@bookbearerplus]

Thanks for the video. I'm going to ditch S/Ls with my current strategy!

[@cheesyjube]

Until you have experienced a black swan you will not believe in hard stops. Also if your stop are hit frequently, your entries are off.

[@ThePrinceOfPersia]

A broker who doesn’t offer guaranteed SLs is not a broker. It’s something else but definitely not a proper broker

[@TraderNick]

No brokers offer guaranteed stop loss orders. A stop loss order is an order to buy or sell. If there is no liquidity where you've set your stop, you get filled at the next available price. Which, could be miles away in some instances! That's not the broker, that's just how markets work.

[@roblaskowski1030]

Great video. I've been using bracket orders with a profit and stop loss preset. Statistically, half of my winning trades are winners bc I move my stop loss further out as price approaches it. I have a very solid entry strategy and am starting to enter trades with no target or stop loss. My success rate has gone through the roof! I manage risk with position size and am willing to lose 100% of the money that I put in that trade. I don't fear down swings.

[@Kevinschart]

Losing your entire trade IS the stop loss. You guys are playing semantics games.

[@dantefajardo347]

Nick i have a question about a strategy. What if I buy the entire capital. Let's say EUR/USD at 1.2000 = 12000 available pips. Strategy Capital is $12,000. I just buy and enter any trade. At $1 a pip, i would never get stopped out since my capital has all the pips. In theory it works. What do you think?

[@yassinetalbi5884]

Yes in theory, but if you're in negative , it could take forever for the price to come back to break-even or profit because you were in the wrong direction. On the other hand, you're account will probably be eaten out by fees and swaps (important to mention).

[@nickgadz5176]

I think stop loss is recommended when you are trading long but during scalping stop loss is not applicable. Due if no stop loss in long tendency when heavy reversal occurs ang your position sizing is huge based on experiences its very dangerous. Potential to blow the whole account....

[@jameshilaire4178]

I had a call trade on Aud/Usd with a catastrophic 40 pip stop loss soon as I entered the trade this big red candle started forming and growing south like a red dagger took my stop loss! I screen shot then went back up to where it was!! No more stop loss only manual stop loss after a lot of practice on demo to increase that mental toughness required for the job!!

[@eldioninet01]

Most of the time it works without stops, however if you do get a crash or spread/sleappage 100+ pips you can get hurt really bad and possibly blow your account. Better to have 1.5 - 2 percent stops vs no stop.

[@Saturday6547]

I don’t use stop losses, I only trade the FTSE 100, my observations watching the FTSE for several years, is that it is cyclical, and there is usually a trading range, If I take out a buy or sell position, for example £1.00 per point, I make sure I have enough capital for 1000 points, as I already know that it may go in the red by 100 or 200 points, before going back in the green, I am prepared to hold for several weeks.

[@aadiskywalker]

Forex experts commenting on stop losses incoming 😂

[@TraderNick]

Aadi Skywalker It’s the most controversial subject in the industry! But I’ve seen people do well with both, and wanted to share some of the pros and cons.

[@aadiskywalker]

@@TraderNick yup.. Whatever works for the people..i trade with and without it

[@bradleysdavis8400]

It's a highly debated topic in Forex. Personally, if you use one or at least a tight stop, I think you may as well just hand your money over to the institutions and save yourself the hassle :-)

[@derickmwaura3678]

I use hedging as my stop loss

[@horacioluna5798]

Hey trader nick let me get a heart for this comment on an old video to see if you still have an eye out 😂. Naw but how do you feel about this video now 4 yrs later. Also good job on that gold bullish run. Hopefully your girl nasdaq starts putting out on some longs 😂 much respect 💯

[@theblockcat-ain1572]

Stop loss is like robbing a bank then hiding. Now you're telling the cops where you're hiding. Now you lost youre money

[@gevans2679]

You didn’t mention hedging… I think it’s the best way to break even or take a much smaller loss, when not using a stop. I personally never have used a stop. But I do wait for better loss or hedge for smaller loss.

[@mikescarborough9196]

Congratulations on getting all the way through the video without using the word “hedge.” As a recent convert to hedging who no longer uses stop losses, I couldn’t have it!

[@freedomtrucker2332]

Lol ..I noticed that ..I’m just starting to ‘hedge’ ..I need some help tho ..but ..I doubled down today on a trade that went south and I closed out at break even ..I need more practice

[@sour3000]

6:47 look at that chart... Damn. 😂

[@chFRESCO]

That's when you wished you had a stop loss

[@n91605]

I have seen and you too can see the spead open 20 or more pips and hit your stops....the time to see this is zero time MT4 time ....scalpers need to use stops ...but 4h and daily chart trading .. you will do better without stops ... but you must .. look at the down side ....How much draw down can you take .. and say the draw down was a few weeks...lot sizing too big ...maybe..

[@haneyguitarinstruction6260]

The whole point about stop losses is to be patient enough to pick better entries. Like at 02:38 why are you buying on that red candle? If you waited to buy that bull hammer candle with the same stop, you'd have a winning trade.

[@laduralamayimba]

I came to look for videos because i am thinking that stop loss is a freaking way to get you. Is like the market is after your stop loss and then when it hits it goes back to reverse. Thank god I found people that are doing good without stop loss.

[@Javati_tv]

my question was I placed a tp.st and price went through it like there was not any st orders theremy quastion was i placeed a tp and stops and price went thru it

[@harrykrish9977]

Hey Dear TraderNick --> "Why dont you do Daily or Weekly Market analysis ?"

[@TraderNick]

I was on vacation, and now back. Did them the last 2 days.

[@Swipahim]

Trading without stoploss is never a good idea, please don’t listen to these guys saying stop loss is not needed. Red flag..

[@DabbyCakes1]

Once I started back testing strategies and looking to see under which circumstances a stop loss isn’t typically necessary, I started making twice as much money.

[@monikakrall3922]

Is there an authority to whom report companies who breach data protection and they somehow got my phone number, my email without me giving it to them, also they harrassed me by phone, by email several times after I expressed no interest in them on the phone. This company is the UFX company. I put them in spam, blocked their phone number. I have seen others complaining about them.

[@donthompson464]

Nick, like you, I have done both - used and not used stop loss. Lately, I have been having the problem where the stop loss is not "triggered." I lost everything I gained from yesterday because the stop loss did not trigger (wasn't at my desk). I didn't trade today as I was upset. I needed a head adjustment. Tomorrow I'm getting back in the game, but will not be using the stop loss. This means I will need to be more hands-on which is something I wanted to not do.

[@jdub5107]

What do you mean stops dont work? I use them and get stopped out all the time.

[@awato1]

It happend to me 2 times that the sl stopped my trade below what I wanted. But most cases it works. Its still risky

[@mann234]

Hedging is the only alternative to not using a stop loss in trading.

[@camilorodriguez4704]

No its not

[@timbatee7433]

No stop loss while trading US30 = 💀💀💀

[@AlinaAksenova-p2n]

Try this stuff and you'll always be able to get money!

[@RobertLoyale]

But to be honest with you. ECHF absolutely LOOKED LIKE IT WAS SELLING. I don’t listen to news or watch tweets. I just watch TradingView for the impact. I probably would’ve been selling based off the day chart prior to the drop.

[@jumaane5066]

I stop using stop losses. I hedge mostly as a way to manage my cspital

[@zergetrh5705]

I develop trading algorythm that use mean reversion. And I noticed that it effectively increase the winning rates. But the major downside of not adding stop loss is that you sometimes have position that stay open for tens if not hundreds hours (despite using a 15 minutes timeframe). Because as the position is not stopped it get too far in the unexpected direction . You have the choice, either to wait very long time for the price to reverse and hit take profit (or never...) or cut the loss and lose big. And when you get 1 one loss, it cancel all the previous profit. :(

[@monte219us2]

hope you can answer my question..I dont trade on Margin im a mid to long term xrp holder but I plan to sell my Xrp at $4.00 price point on Coinbase pro. Should I set a limit price of $4.00 or do I need to be concerned with stop limit which is im assuming is more suitable for day trading .btw My average price is .35 cent for 1 Xrp....i know those leverage traders on Bitmex got screwed...is there any risk in my limit sell? I want to execute automaticslly at the right time obviously..should i be concerned. What do u recommend?

[@jamila321]

6:03 so that means I may put an sl at a certain point and the brokervmay just "ignore" it? Dont really get why

[@TraderNick]

Your stop order is an order to the market. The broker simply passed that order to the market, and you get filled at the next available price. For every buyer there is a seller

[@Longlostpuss]

If you've done your homework properly, you shouldn't need to use stops, your trade need a wide berth to play out, so it's more a case of recognising how many pips a trade retraces before going in your favour rather than it going against you because your entry is totally wrong. Stops are deliberately hunted and I've lost nearly every trade using them versus not using them and nearly winning all my trades. More emphasis should be put of risk size and margin.

[@sarahhebert8253]

No matter if I have a plan or not. It’s a guarantee that whatever trade I place, buying or selling, the market goes in the opposite direction.

[@wendyfarris9303]

@@sarahhebert8253 I notice the same... i probably am crazy, but I stay in until someone with more money causes it to reverse directions (against themselves)!

[@sarahhebert8253]

Wendy Farris thanks 🙏 for the tip. I will try that out in the morning.

[@wendyfarris9303]

@@sarahhebert8253 I am no expert.... just experiment! I will figure this out someday! I don't want you to lose money because of me!

[@babyfeeg]

Traders who don’t use stops will hedge and still use a hard stop at a certain level

[@MPlain]

when in doubt on a market direction. trade both ways. lol. i frequently set up trades for possible either way moves but i dont start off hedged. rather i look at and say...ok...if i am hedged... when would i close out the wrong way. and that's where i put my pending trade.

[@gusmanue8337]

Great video on an important topic. I myself do not use a stop loss as i beleive risk is defined at order entry

[@Ajesen]

Depends on the trader, in my case sometimes it was good bcuz it didnt stop my trade and then go in the direction i wanted, but bad bcuz it blew my account also.. So i set up my SL just big enough for the market to breathe

[@TraderNick]

All good points. Thanks for sharing.

[@haneyguitarinstruction6260]

I use 1 bar stops like Oliver Velez

[@AlexM3478]

I believe in USA where we have 1:50 leverage it's is more or less duable, in other countriess where they have 1:500 or oven 1:1000 leverage it's way more dangerous to do

[@cr4yv3n]

Not necesarily. You got bigger leverage so just use less size.

[@davodebeaito4721]

I do the same, no stop loss

[@harrykrish9977]

Yes Swiss Market on 2015 when Brexit first introduced to the market , market is BOOOOOOOOOOOM , i never saw such move in my like , i know i was there at that time i dont have much knowledge on Technical as well as fundamental analysis !

[@MPlain]

Johnson wins the election and GBP is going to drop faster then a meteor. 1000 down not out of the question. and we are talking like a week.

[@harrykrish9977]

@@MPlain Sir , you are saying about this week Elections on 12th GBP ? what about BORIS and TONY ? if they win ???

[@MPlain]

@@harrykrish9977 Boris wants a no deal. aka total disaster. the GBP will take a beating if he wins. expecting it to go back to 1.20 USD and fast. that is over 1000 pip hit. On the other hand. If Tony wins then the UK will have a better chance of making a deal that makes sense. Not saying it will be perfect....he has to honor the referendum and leave or have another one and honor the result. but basically a Tony win will be looked at as a big positive and the GBP will probably go up 200 or so pips fairly quickly. either way the trader wins here. IF your broker lets you trade on election night you are dealing with and ECN broker... not a market maker. we are all going to find out if our broker is worth keeping. i don't do business with market maker brokers... at all.

[@harrykrish9977]

@@MPlain well said brother , oh yes my broker will let me trade on elections he is (Fidelis capital markets) !

[@MPlain]

once the leverage tightened up i moved my account to pepperstone in Australia. ECN account of course. i hardly ever use more then 25:1 on a single trade but i like to have my $ working more then once so i frequently leverage out to 100:1 or even more if i have multiple positive trades running for long durations and want to make a day trade. :)

[@Keepone974]

That EUR/CHF debacle is ONE essential lesson: if a central bank says they'll maintain a soft peg/floor, don't trust them. It's quite crazy that this kind of mistake happened with one of the most respectable central bank in the world though. Really makes you think.

[@meditateandwin5916]

Have not be using stop-loss and the curve looks smooth, as you showed.

[@thousandlocks3258]

FACTS ! Anybody that think they can"t get rich quick I guess never spoke to a real trader that worked on the trading floors on Wall st. or the CME in Chicago to see the possibility of how much you can make in a short amount of time. keep thinking you can get rich slow good luck. Stop losses will keep you hating other people that find success without it. stop losses are trash

[@metamatrixclub1186]

because for any given choice, the odds are against you due to bad timing, risk factor, and the obvious what people tend to do with crappy indicators. In turn its easy to predict ;0) trap trading is for pro's (wolves)

[@sjlum8210]

Minute 13:50, when you say exit based on Price Action, that's equivalent to stop loss, isn't it? Or am I understanding it wrong?

[@Chris-ey7zy]

Can someone answer this. Ok let’s say I do a stop loss only after I profit let’s say 20% and then put a stop loss at 8% below that but then do a market buy limit at 5-10% below that just to get a lower buy point again discount. And hope it bounces off there. Is that a good strategy. ?

[@salemkid_96]

if you wait after an obvious stop hunt and enter after a clear reversal after manipulation on liquidity has taken place and you also use corroborating confluences that align with your prediction you are for the most part usually safe!

[@baderalzayani6661]

Stopped using SL... I use it only to trail profit and during sleep hours... but I do have an exit criteria when the trade goes against me...

[@scottpratson7766]

I've put multiple trades as they go against me hoping eventually the multiple trades bring the 1st one back around