IMO as long as you have Stop Loss

Trading Discussion
1

IMO as long as you have Stop Loss strategies it will not compromise your capital. Whatever your strategies may be, always think of Safety First Stop Loss First cheers!

2

I can’t agree with this, I never use stop profits and take losses…

I would like to ask what others would do if sl/tp option wasn’t an option.

And yes, I did mean to say stop profits and take losses.

3

There would be a need to trade much smaller positions, thats why in my view its an inefeccient way to trade.

4

it is so tempting to trade without sl even if just to avoid those hunts however when i first started i lost my entire account by not setting one and then not having the right mindset to be able to pull the plug, its something i will never do again

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5

How do you control your losses?

6

For me SL is a must.

1 Like
7

hi treeny, I use a grid / hedge system.

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8

Could you please explain how grid/hedge system is?