Is stoploss is mandatory in every trade??

[s.saha]

is stoploss is mandatory in every trade.........?

if you conduct your trade sitting in front of your pc all the day or if you have enough back up in your account then i think putting stop loss level is not essential. but if you don't have enough back up in your account then you must should put sl. it will help you to keep your account safe from the abnormal movement of the market.

[dennyandre]

Stop Loss is one way to minimize risk and maximize profit in each of our trading position. Using Stop Loss, we can avoid the scenario where we have accumulated a lot of profit, but of the fruit of error / loss will wipe out a large amount of accumulated total profit us.

One technique that is widely used by some of the successful trader is to move the stop loss to break even point level / break even after the price moves according to the open position. Trailing stop is the next way that you can do to protect profit that you get. spirit early

[ishvara]

it is not mandatory and you can trade without it if you are making enough money management and you don't risk with large lots, but for scalping is a must as you have not to lose more than you can afford, and you are trading with large lots too

Since we are in charge of our scalping trades and then stay in front of our computer to close such trades, then we can trade scalping without the stop loss. But for day trading, swing trading and position trading, we traders would use it with a stop loss.

[man_yoyo99]

Except for scalping and very long term trading, i think that all other forex trading strategy that we are working with must have a stop loss. This stop loss would protect us from margin calls and high losses at a time.

[titasroy]

Every day hundreds of Forex traders blame themselves for being so naive and trading without protective stops. Hundreds of others lose funds worth weeks, months & even years of trading just only in one very unsuccessful trade.
And yet another hundreds of traders, having heard dozens of times about importance of protective stops, open new trades ignoring the well known money management rules.

[pakhi_pk]

Minimizing the losses is necessary if one is to make pfofit and stop loss is among the best tools to do it.I know there are lots of people who trade without a stop loss and making good profitts too. But using a stop loss is always a better option.

[mostafaabdelgawad]

Look , in my beginning i was using a stop loss strategy but i was putting my stop loss in a very bad points in which the price could hit it and go back to my target, i lost my first account like this, but right now im convinced the stop loss is very helpful if u r putting it in the right position.

[mojcris]

but I think using stop loss in trades is a must for traders, because sometimes there are moves in the market and charts which we cannot predict them like when the news is releasing ! in these times it's possible for our positions to go down as much as our account become margin call ! then if you don't use stop loss then you'll be dead !

[pion]

A doji is true however, is just a candle with a range that failed to break in one direction or the other. There are different types of dojis, but in the end they all mean the same thing: confusion. If we get the doubt, it only makes sense that once we move - it means something.

[rubel1]

The thing is, If you trade without a stop loss there is the danger of a small turning into a fairly sizable loss. And yet another hundreds of traders, having heard dozens of times about importance of protective stops, open new trades ignoring the well known money management rules... Minimizing the losses is necessary if one is to make pfofit and stop loss is among the best tools to do it....thank you bro..