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.
Just leave him with his trading style , because not everyone will experience a loss with a stop loss . He just needs time to learn by his own experience. The most important thing is that our duty as a friend has been done to just remind us. The rest let him determine his own style. And I'm sure he will understand and start to learn from all his experiences