Thread: successful trader without stop loss?

Hey guys,

that I think that it's my very first post since some weeks following the very first time linking this forum.

I would like to know if somebody knew or met traders WITHOUT stop loss that are successfully winning their transactions.

What do you believe?

George soros, or traders significantly less popular than him...

True. If you use leverage you won't require stops. However, of course you need a means to manage from losing positions.

Jr888,
based on your query, are u inclined or planning to trade without any stops?

Originally Posted by ;

jr888,
according to your question, are u likely or intending to trade without stops?

What is wrong with this?

Really I tried to do that and I won twice with no stop loss.

BUT. Before I do so, I went looking around for fundamental news about the pair I trade.

What do you think?

Originally Posted by ;

Quite simply, if you don't have some sort of exit egy, there's possibly unlimited loss/drawdown on any trade, or (if you're using some sort of grid) pair of trades. If you're willing to live with that, fine; it is a personal choice. But I'd say two things: (1) allowing large drawdown on a single trade is effectively concentrating risk on a single prediction, and (2) never underestimate the truth in Keynes' words the market can stay irrational longer than every trader can stay solvent.

Using reduced leverage will permit you to...

in case your not diversified in your trading and you're drawing down into a single trade and dont place a % reduction u deserve to get blown out. Can be quite controlled in your usage of MM... but u r right no edge will come from just plain ol MM... doesnt mean u cant trade with no stoploss . .

Quite simply, if you do not have some kind of exit egy, there is possibly unlimited loss/drawdown on any commerce, or (if you're using some kind of grid) pair of trades. If you're willing to live with this, fine; it is a private decision. But I'd say two things: (1) letting the potential for large drawdown on one particular transaction is efficiently focusing extensive risk on a single outcome, which makes proper forecasting even more critical; and (2) never underestimate the fact in Keynes' words the market can remain irrational longer than any trader could remain solvent.

Using lower leverage will allow you to survive longer, but it decreases the risk and return in like proportion, slowing rate of recovery from drawdown. Should you then increase leverage in an attempt to accelerate this recovery, then you risk increasing additional reduction, also. I really don't know of a way to manage out of losing positions without also increasing risk in some way. MM in itself may never provide an advantage.

With the courage to stomach drawdown doesn't, in itself, guarantee success.

Floating losses suddenly become very real when your account finally hits a margin call. I know that from personal experience. Survival through risk management needs to stay a trader's uppermost priority. Ignore it at your peril.

Originally Posted by ;

What's wrong with that?

Nothing wrong, for sure.
Just asking (for verifiion)
letting him believe this over, as trading with no stop loss isn't for everybody, imo.

After listening/attending to a number of professional traders conventions and reading a dozen or so very top of the line trading books my conclusion is: When a trader is thinking about going wihtout using stoploss afterward their trading company is indeed over before it even kicked off ...i.e. its a matter of time before they bite the dust!

Dont even consider going wihtout stop loss differently market will teach a very painful lesson sooner or later.

Originally Posted by ;

frankly I recently tried to do that and that I won twice without any stop loss.

BUT. Before I do so, I went looking around for fundamental news about the pair that I trade.

What do you believe?

Thats pure luck ... my suggestions would be to begin reading some severe trading things and reevaluate your queries in view of knowledge obtained.