Quote from: palle11 on Today at 12:53:17 PM

Quote from: tvplus006 on Today at 12:20:11 PM

Quote from: palle11 on November 02, 2022, 09:42:16 PM

...This time when you are not trading with stop loss, take for example your computer become faulty when you are in a volatile trade without stop lose? This you can lose all that would have been protected by stop loss...

The only case when you really need to set a stop loss is when you are resting and cannot control the process of closing an order manually.

Really you mean that ? No I don't agree that the only case to set stop loss is when you are resting, there are many instances that stop loss is good. I have had to lose my capital because of lack of setting stop loss even when watching the market directly. Sometimes the market has high volatility and before you could go to the stop loss area or to exit the trade, it can sign you out in loss. It is always important to use it, this is a good money management system.

for me stoploss is useful to set the maximum loss that I can accept and I use 5% to anticipate my unlucky day. and when making transactions I usually use cutloss if the market moves not according to the framework that I have prepared. but on the other hand stoploss placement must be understood first. that way I can manage risk and still be able to control my emotions in trading