Trading Without a Stop Loss: Why Some Professionals Don't Use Stops ☂️
HTML-код
- Опубликовано: 3 фев 2018
- ✅ Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.c...
✅ Check our website: www.financial-spread-betting.com/
✅ Please like, subscribe & comment if you enjoyed - it helps a lot!
Trading without Stop Losses. www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! No Stop Forex Trading? No Stop Loss Forex Trading Strategy. Why some tradres quit using stop loss orders and why many professionals don't use stops. Trade without stoploss, think out of the box, can you? The Arguments for not using a stop loss...
We probably know that stops loss orders are very useful for risk management. We talked about the best ways to place them, how far away they should be, how we structure them...etc
But what about not using a stop loss at all? Am I recommending this? Not necessarily but I wanted to discuss it
1) Probability of touch and probability of close. The probability of touch is twice the probability of close.
2) Markets go stop hunting. There is a general liquidity hunt in the markets and this happens.
3) You can never be perfect. We can rarely be perfect with our entries - it may be more dynamic than just buying, stop and out.
4) You can control risk with trade size. If no position is going to damage you regardless of the outcome, perhaps you are better off not using stops.
5) Many professionals don't use stops - they are always evaluating as opposed to utilising stops.
Related Videos
What are Trailing Stops and How to Trade with Them? ☝️
• What are Trailing Stop...
Forex Strategies: How To Use Trailing Stops 👍
• Forex Strategies: How ...
How to Use Stops and Limit Orders to Exit or Get into Trades 👍
• How to Use Stops and L...
Great Tips on Where To Place Your Stop Loss!
• Great Tips on Where To...
Stop Loss Market Orders vs Stop Loss Limit Orders ☂️✋
• Stop Loss Market Order...
How To Set A Stop Loss Based on Price Part 1 🏳️
• How To Set A Stop Loss...
How To Set A Stop Loss Based on a Time Limit Part 2 🏳️
• How To Set A Stop Loss...
How To Set A Stop Loss Based On Price Volatility Part 3 🏳️
• How To Set A Stop Loss...
Stop Losses: How to Use Trailing Stops Part 4 🏳️
• Stop Losses: How to Us...
3 Alternatives to Utilising Stop Loss Orders 👍
• 3 Alternatives to Util...
Using a Hard Stop in your Trading? ☂️✋
• Using a Hard Stop in y...
Stop Loss Trading Strategies: Using Moving Averages As a Stop Loss ☂️
• Stop Loss Trading Stra...
How to Use the Average True Range to Set Stops ☂️✋
• How to Use the Average...
Using an Indicator as Stop Loss - RSI or Moving Average ☂️✋
• Where to Place Stops: ...
How to Find the Optimum Profit Target per Trade 👊
• How to Find the Optimu...
Day Trading: Intraday Stop Strategy using ATR ☂️✋
• Day Trading: Intraday ...
Trading Without a Stop Loss: Why Some Professionals Don't Use Stops ☂️
• Trading Without a Stop...
OTHER WAYS TO MANAGE RISK; TRADING RISK MANAGEMENT
• TRADING WITHOUT STOPS;...
9 out of 10 times you'll get stoped out !!!
I experimented with stop losses and without. I would say most times, Most trades I won were due to NOT using stop losses and a very Few times they came in handy.
Stop Loss loss should really be called Start Loss. The devils a liar lol.
🤣🤣😁🤪
The times I lose are the times I use stop loss and been stopped out, my best wins have been not using a stop/loss. Have patience with your trade, believe in your set ups, hold your breath walk away and come back a few hours later. Sometimes it’s squeaky bum time 😂😅
I agree, I watch a 1hr episode of something and then come back and check and repeat.
Manage lots sizes and scaling in and dont use stops. Stops are big guys upper hand. This works for me.
I use wider (50-100 pip) stop losses with lower lot sizes. Works like a charm.
patient is the key , place order at key resis/supp level when RSI is stretched , smaller lot size , wider stop , should keep you in the game if you get the direction right
I will never use stop losses again. 9 times out of 10, it’ll come back to at least break even and about half the time they’re big winners if I just give it time.
Tip for beginners.dont try and predict the market.watch where the market is going and follow
This is the second video I've watched on your channel. I appreciate that the information you provide is straight to the point and isn't dragged out with respect to time. You've earned yourself a new subscriber.
I trade daily options with NO stops. Either it hits my target for a profit, or I close by the end of the day with a loss. It will never lose 100% of your investment, and even if it did, you already know your max risk.
This is a tricky one. I got crushed NOT using stop losses in some situations. I also saved huge using stop losses in some situations.
90% of my FX trades are profitable mainly due to not using stop loss, but managing my trade size and margin level. With some patience it works every time.
FOR EVERYBODY IT DEPENDS ON THE TIME FRAME AND THE STARTEGY !
Trading without stop loss. $10k account 0.1 contract and add to that position the moment when it goes your way. Good strategy also because when you are involved you pay deeper attention.
I am a fairly new trader in the forex market..and I feel sometimes that the SL locks me out of trades too early..I did one yesterday and just after the SL hit..the price went up to the TP in just a couple of mins.
That is why so many traders have constant small winners and once in a while couple of losses wipe out their entire daily, weekly, or even monthly profits. You have to draw a line in the sand somewhere.
I did use stops but now I can say that my biggest winning trades were with no stops added. So what I do now if my positions go against me to much is to hedge, I open more positions in other direction and put in stops on them.
Most experienced traders and those brave enough, do not use stop loses. Yes, platforms and algos go after stop loses. If you do decide to put a stop loss, look at the support levels and go below those.
SL saves your account. SL means the place you can handle this loss. It should be decided before open a trade.
If you can’t beat them, use them. 👍🏾👍🏾
It is very easy to trade:
I trade like an investor - average down if you trust the investment but you must have adequate capital or funds outside your investment for position size averaging down then take your profits whenever it comes back up. lol. You have to wait! Maybe a long time! Stop losses are the Market Makers profiting. They run and trip stop losses when they want to. I never trade with leverage!
You do not need to double your shares for averaging down just keep your shares till you make the profit! All you need is a maximum amount of funds outside your investment and use this fund sparingly. 50/50 rule is like 50 percent of shares in and 50 percent of funds out. While share price is falling keep the same percentage of shares in averaging. Position sizing is critical - key.
True, position sizing and portfolio management in terms of scalping bits of profit are key when not using stop losses. We should have a certain percentage rule like 5% of the portfolio to trade while having extra funds if a swan crash happens.
You can use a wide stop loss just as a "safety net" so you don't get your acc. blown up
My size is low enough I just monitor it.
Same
What do you think about using a hedge instead of a stop loss, i.e. opening both a long and a short, and closing the least viable one? As I've understood, this opens you up for longer or more sustained market exposure, while being able to rely less on TA, making it more of a rolling or continuous way trading. Would love to hear your thoughts on it, and whether it works or not.
Informative video. I like the idea of not using stops, or placing a mental stop, just to avoid the algos. Either that, or have an acct large enough to be able to place your stop well beyond where institutional traders and algos are looking.
Very good. Thank you. Been trading for thirty+ years and can attest to this being excellent.
Trading without leverage also helps his case. You’ll only lose the trade if the value of the asset you’re trading goes to zero. (Max risk 1% per trade obviously)
I would say once your in a profit, trailing stops work good to lock in as much profit as possible until it reverses
I don’t like getting wicked out of my trades when I have the stomach to be able to wait for a close, and then pull the trigger myself. So for me, no stops. I am stop.
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
*Trading before the robots* : 😂 *STOP LOSS* 😂
YOU SAID IT!! THANK YOU!!
many times i started a trade.When it goes my way I'm excited only to realize that when there's a reverse i get stopped out to my disappointment.
so far I'm experimenting with no sl n watching the market.
when having good discipline in entering trades with a good system...
Could always hedge to protect loss too eg news event when unsure of direction. One losing trade one winning trade cut the winning trade at ceiling then add retrace trade back to losing trade. Result- two winning trades then close losing trade at break even unless start winning in which case leave running for third winning trade
I use stops to buy in at a lower price. I buy my first lot at a close price then place a 20% stop loss.
When they come for my stop loss I buy the lots I want at that price.
They’re addicted and can’t resist coming for my stop every time.
They are unbelievably consistent. I’m using their algorithms to my advantage. 😊
WarriorPriest how do you do that? How do you get their algorithm?
Interesting arguments
The single big reason for using soft and hard type of stop loss that we need to survive on few days where market can damage seriously on oue account if we allow and tolerate big against movement... 80 to 90 % time good analysist need not require any SL...but need conviction of position.
I have calculated a formula that generates a dynamic stop loss that adjusts to the average range. It is a very wide stop which is basically used as emergency. It is working very well
I trade on MT4 and use an alert as a stop on trading view, so it's not technically a stop but serves it's purpose.
I am still learning how to trade and looks like will place my trades without a stop loss.
I never have used SL. But I am happy to sell when the trend turns against me. If it is really going Down the earlier I sell the more capital I have to buy back when it hits bottom
Also I like to trade stocks I would go long on. It losers the stress level.
Another great video.
Just subscribe to your channel, been watching videos on and on and people praising stop loss in and out when in the end risk management and trade management is a lot more than entry tp and sl. No stop loss trading with lower size giving room to big swing and adding to you position and/or hedging against other pair to allow you to create that dynamic, stay in market, increasing ur exposure while managing your risk.
Good stuff
I lost many times using stop loss but then yesterday i thought I was going to loss 50 EUR without using stop loss, but I waited few hours and finally I got profit. So now I prefer not using stop loss because the graph will chnge all the time so it is better to wait as long as the money traded is not too much compared to the deposit
I’m here because I missed 20% profit because of my stop loss
Absolutely. I trade practising with a demo 100,000 and use "buy 15" and don't put a stop loss. I have won 370 trades and never lost. Usually when US dollar is low against yen and I buy. There is no emotion involved. In November if the strategy still holds I will use $3,000 real money.
What about position sizing? How do you manage that if you do not use SL?
Thank you.
If you aren’t using stop losses then trade with only 1-2 percent of your capital.
ya good for you. i will take stops.
If a trend following system has a win ratio of only 33%, but pays 3 or 4 : 1, does it matter if the algo's target stop areas? I don't know the answer, I'm just curious. Aren't liquid underlyings too big for any type of manipulation? Again I don't know, I'm curious.
I guess if your entry point is at strong support or resistance, stops are less likely to be hit....but still surely it's a good thing to have a stop..... especially with a small retail account.
I agree, I am jsut stsrting and I studied extensively the Stop loss I had. turns out most of the stop losses I had about 75% after being stopped lossed went up the wau as originally intended. I use them but rarely.
I like to see my trades until they are finished or they go near enought their goal for me then i step awau.
Let's be honest with everyone. The market is all about liquidity and there is no other way to create that without capturing the stop losses. Just go and sit in a corner and think about it and you will know the right answer. C'mon Man
I don't use them, just scale and average cost u can guess the direction but never the price
I never use a stoploss. I have a mental stoploss, so if the price falls below it, i will start looking for a good exit (many times i get out above the mental stoploss because it bounces back ablove). If you have a mental stop below a support, chances are you will get a bounce, and then you can exit, sometimes still in profit.
Agree l never trade more than 1% of my portfolio on any one trade and given l only buy dips in reputable companies works for me but l guess for high volume traders could be a good idea to have a stop loss.
I use stop loss on a smaller lot size... And when I am not too confident in my trade set up.. secondly I use stop loss when I decide to hold a trade till the next day. Other than these two... I hardly make use of stop loss since I observe the direction of my trades and I don't seek to catch big pips per trade..
1 question if i have a account balance of $1000 and i took a trade with capital of 1000$ and the price goes $-3000 then how much actually i lost? 1000 or 3000?
Not running a stop is bad if you're a day trader or a short swing trader. Most people who do biotech / penny stocks don't run stops because they're looking for 100%+ gain but the stock will be very volatile and fade while they're in their position
Talking about stops without mentioning ATR seems to be missing something important. I base my stops on ATR (1.5) but my exit Indicator usually kicks me first. That's good because a stop out of 1.5 ATR in forex sucks considering what the average ATR is for the 28 major/minor pairs.
It seems to me after watching, trading a plotting a lot that I believe I should have a stop loss concept in place to only protect against when there is a huge market drop and I use it as a insurance that while I am sleeping I did not get a major hit to my money. I only look to trade and hold for a week or several weeks, so averaging a 5 to 15% rise or loss seems to say that I should, from the last high and I am getting in where I think it is at a low, I should start the stop loss at maybe another 5% below where I am and hopefully it does not grab my stop loss action, and I then can ride and raise the stop loss it we are climbing to where I try my best to pick the top and bring my stop loss up to maybe something like a 2% drop from the current price is. I have not tried this, but would love not to get hit with a huge market drop.
The first argument is pretty much like gambling tbh. The probability of the price closing below the stop loss is also half the probability of touching the stop loss. Some people are bias when they are losing and become more risk-seeking.
All other points are really good tho. I also always get stopped out. Might consider not using a stop
1and 4 are good reasons, for me i think if i nave an acc with 1k and trade like 10 cents trades u never need stop loss only take profit cause the market will eventualy hit it in 1Min
It goes both ways. No stops no take profit.
Good sir
I only use stops when i know i have to step away from my desk for a while
If you use them when leverage trading crypto make sure you give yourself wiggle room, Most of the time you will get stopped out
What do you do when an extreme news event like Swiss national bank announcement moves the market significantly?
trade pairs not related to the news? how about that?
For us that is a Black Swan. If you are not well capitalized and over-leveraged you are a Cooked Swan! Caput, Finished. These events are probably staged. The Big version of going after the stops and raking in several billion for SNB. When there is such an event doing the opposite and holding usually is a big, big winner. Look at the chart to see.
I’ll only use a stop loss if I’m not at the monitor for a period of time otherwise I’m there the whole time and won’t use it
I understand what alot of you are saying about not using stop losses, but one large unexpected rouge wave might kill you. I remember when GBP/USD crashed 900 pips in an hour. Another example from a supposed pro: betterwaytotrade.com/media?f=rougewaves&s=tu1
guys ,i do recommend trading without STOP LOSS if you have much money
3:07 Hedge funds might fall into the category.
If I don't use stop loss and the trade goes against our call more then 200% does it will vanish my bet amount until I close my trade ?
Would you show your hole cards in poker !!!
I know what it is called, not using a stop loss. It's called mental stop.
I find that when i trade option calls which is most of the time that a stock will only plummet approx -80% ish before it starts to return towards to its previous level etc and when you know this and understand this you dont mind your option call trade plummeting temporarily because you know it will do this during the time you are in the option call trade but as i am usually in an option call trade for 2 or 3 weeks etc before i start thinking about exiting the trade im ok with stock plummeting yo -89% isgmh early on in options trade and i dont use stoploss or trailing stop etc
The problem that would arise if a person was to put a stoploss on an option call trade is that the stoploss would end the trade at the point of loss in trade which is exactly what the same as what would happen if a trader closed a losing options trade before opption expiry date etc which would mean the trader would have to day trade their losing position back in to a profitable trading position which is doable for those that have the day trading skills to it etc but it could take time depending on the current market conditions at the time etc
But if a stoploss or a trader closes an option trade at stoploss point etc it reduces trading balance which reduces ability to buy the same amount of options in that stock etc which means that youll only be able to buy less amount of options in the same trade so that when the stockmarket has a green day etc the value of your reduced amount of options doesnt increase in value as fast so i tend to not use stoploss and ride the stockmarket conditions and close options trade myself about 3 or so weeks in to an options call swing trade
No4 I have just recently started doing and my trading has been spot on. you can make a large amount of money with a small amount per point as long as you have enough capital in your account incase it goes against you but make sure you know whether the markets going up or down. Having no stop is crazy most people will say but following the heard has got me nowhere. ive had no losses since not using a stop but definitely recommend testing it for a while on Demo unless your experienced enough to know what your doing
You lose a lot of damn money with a stop loss. Just ride the wave and it will come back up. Stop loss cost you money. Because when the market goes down and it rebuys Andre buys Andre buys over and over and then have multiple stop-losses you're just going to keep losing money. It's just better to hang on to that position and then when it goes up it will trigger a sell at a profit. Never use a stop loss
Instead at 10% loss on a certain position use a DCA (dollar cost average)
I hate stop losses especially in crypto.
Sounds dangerous.
I enjoy many of your videos. this is the I've enjoyed the least. 1) probability of touch vs. probability that the move reversed and that you're wrong on the trade: I can't see how you can statistically quantify this 100/50/20 unless you're referring to a specific instrument on a specific time frame. the probability of touch should be weighed against the probability that you were wrong and the consequences of each 2). markets go stop hunting: momentum reversal can do more damage. you can always get back in in the case of stop runs or absorption that fooled you. 3). You can never be perfect - best reason to use stops. 4) mitigate with size: this goes perfectly with #2. 5) some pros don't use stops: not Paul Tudor Jones, Linda Bradford Raschke, Steve Cohen, Jim Simons... I only know that I've taken my chances with 1 thru 5; I will stick with stops thank you.
Professionals who don't use stop loss stop trading.
I’ve analysed 20 of my last trades where I made losses and noticed that had I not used the stop loss I would have in fact made profits
The second reason was even where there was no stop loss I panicked and bailed out but the next day the trade would have been in profit
Only 1 out of the 20 never broke even
YOU SHOULD ALWAYS USE A STOPLOSS
you are mad