Quote from: Oshosondy on November 01, 2022, 07:59:22 PM

Quote from: EarnOnVictor on November 01, 2022, 07:23:00 AM

Any trader is welcome to follow a trading approach that is best for them, but this will not stop the right ethics of trading for productivity and account safety.

What I hate in trading are losses, losing small amount overtime with stop loss may also totally lead to complete loss. If not complete loss, the trader may not make profit over long term. Trading is easy to explain, easy to write about, but not easy to make profit, even with stop loss, losses is possible.

Quote from: EarnOnVictor on November 01, 2022, 07:23:00 AM

Regardless of using a low risk in trading, you might still lose the amount that is too much for you to bear in some market conditions even if you do not lose all your money.

If someone lose much, that means it is not a low risk trader. It is not good for traders to look for amount of profit they can not afford to lose.

Example is if a trader open BTCUSDT long position at $20000, some people are still fine if the price of bitcoin decreases further up to $15000 because of the low risk leverage they used, even the return on equity in percentage may not be still more than -5 which is a safe trade. It all depends on your strategy. Stop loss can be helpful, but it has disadvantages, especially when the market later abruptly favour the trader, but stop loss triggered already.

You are getting the whole concept wrong, and mind you, nothing is perfect, the concept of using a stop loss is not perfect, but far better than your concept of not using it. My tradition is to plan my trades cleverly with the use of stop loss, this is the best to protect my account according to my experience. Also, I am still trading an account without the use of stop loss, the account has lasted 7 months, so I have experience with both.

Once your trading strategy is good, the use of stop loss is the best. This is because I quickly recover my losses after losing through stop loss, but it takes more between 3-4 trades at time to recover some losses of not using it.