
Is it possible to trade without using a stop loss?
I think it is possible to work in the forex without stop loss but in such thinking and working in the market in this way, we will work like a greedy traders. If we want to become professional traders working in this market. So far that till we take proper take profit. High vlolatility is sometimes unavoidable. As a result, stop loss was touched by False brealout. This is indicated by the appreance of a very long shadow on a Candlestick. This makes the price move against the direction of your position untill it hits the stop loss before finally moving back to your intial entry position.
Yes, it is possible to trade without using a stop loss, but it comes with significant risk. Some traders prefer manual exits or hedge positions instead of setting stop losses. This method requires constant market monitoring, strong discipline, and quick decision-making. While advanced traders may manage without stop losses using experience and sound risk management, beginners are highly vulnerable to large losses. Without a stop loss, a sudden market move can wipe out a substantial portion of capital. Stop losses serve as a safety net, limiting potential damage. Trading without them is like driving without brakes; it may work in calm conditions, but when things go wrong, the consequences can be severe. Caution and proper strategy are essential when avoiding stop losses.
Aug 18, 2021 21:54