Quote from: andthereyou on Today at 12:05:06 AM

Quote from: doctor877 on April 25, 2021, 06:47:59 AM

Got in a discussion with a friend that recently started learning Technical Analysis and then he said he trades without using stop Loss. I told him no good trader trades without stop Loss. I tried to explain to him about the volatility and how trades can go against you especially as a new newbie and you can lose heavily. He seems adamant and I decided to leave him maybe he will learn from his own mistake if it happens. It seems there are also many traders that trade without stop Loss and I wonder how they do it conveniently.

Please share your views on how important stop Loss is and how convenient it can be to trade without stop Loss.

Stop loss is the key to maximize profit or protect your capital. Because we don't know when is the peak of a bullrun. Your friend studying 'technical analysis' without using stop loss is useless. Waiting for market to recover after a drop is a big mistake for an investor or trader. I have experienced it before, I did not use stop loss and waiting for the market to recover is very painful.

Yeah, stop loss is very important to use. Maybe, if you have the guts and strong faith, it's okay not to use it either. However, if this feature exists, why not use it? Instead, it can minimize the impact of losses or risks that may occur later. Because, in technical terms, stop loss is very necessary. If there is no such feature, surely some people will experience difficulties, especially beginners. For beginners who learn without using stop losses, you should start now to try to use this feature. It will be very helpful in managing the funds that you trade and invest. It is better if this feature is put to the best possible use. Stop loss will make us feel calm, because we already know the limits that have been set according to our own will. So be ready to face the planned losses or you won't lose at all. It is unfortunate if this feature is not used at all.