QUOTE(highlowyat @ Mar 6 2017, 11:21 PM)
you use "stop-loss" when you loss.
the method is reverse from what normal traders doing and being taught is forex forum, since they always get taught how to lose.
have you heard of "stop-win" to prevent the winning trades become losing trades?
every forex forums i visit.. all of them talking about stop loss. When so much discussion on how to stop the loss, its better to stop trading at all
your comments above get me confused.
1) many beginners or even intermediate level traders likes to learn trading at forums.there are too many nuts in the forums and if one believe the words or follow the systems of the wrong fella and there are many of those ,he find himself in troubles within himself .many will get deluded
2) have you heard of "stop-win" to prevent the winning trades become losing trades?
i will be interested to hear more on this
3) many many traders all over the world have misconception and is confuse on how to use stop-loss
4) all professional traders and even the best one uses stop loss ,hard or mental , one way or the other.
5) let me put it simple, a stop loss is a must for most traders as it is a way to limit your losses in case you got it wrong and a trader must not dig deeper and deeper or even hold on without restraints onto one or two trade entries mistakes.but there are some highly talented and experience retail traders who think that stop loss is a hindrance and actually did well in their trades without a stop loss but there are far too few and the risks are unnecessary and can be high.
This post has been edited by starship1: Mar 7 2017, 10:43 AM