Re: The major reason why suicide traders don’t use stop loss
Forex, stock are regulated and -20% jump is not happening.
Have you really withnessed a very strong news that is very decisive? It becomes very volatile and its effect could be felt through out the week. Sure news cause a very huge jump and can close a big account that is traded without stop-loss.
I show you on picture what i mean by -20% in one minute and back to the same price. My post totaly describes whats are the risk with stoploss and stoplimit. How stoploss wile atacked can turn your portfolio into 1-10% of your investment and how stoplimit could not save you in some circumstances. And it didnt have anything with news. Its just speculative atack on stoplos. Look at picture. Thats why stoploses on crypto has huge risk. I can put here dozens of screens of ataks like that. You only need to set buy order at 1% price and than destroy walls with huge sell order and all stoploses are hitting your offer at 1% of value. Put here 1 atack like that from forex... Thats why on forex stoploses are mandatory beacause there is less risk with stoploss atacks.
BQX BNT and even XLM atack on stoploss. Just 3 finded in 3 min. Thats what im talking about. News has nothing to do with that.