Thread: Trading without stop loss

Hello to you out their,

I'm a newbie of 12 months study of the markets and the very stressfull part of trading is that the S/L we are edued to allways include S/L within our trading,money management ergy.and position sizing.

However can you use limit orders to carry out exactly the same role as S/L as in coordinated or hedge position trading.

Perhaps all you with greater Knowledge could help with this ergy.

Many thanks

BH UK

Originally Posted by ;

When I first started trading, I'd set a SL for each and every trade that has been about 1:2 or 1:3 risk to reward ratio. Now that I'm looking at my trades every day, I not set a SL or set it to get 500 pips.

500 pips is a lot, how can you deal with that kind of loss plogically? Would you wait that it can undo?

I think stop reduction is compulsory for success. Not using it's like not using the breaks while driving a vehicle.