Stop loss lets me lose more than no stop loss

[dushimes]

Learn How to Trade the Markets

Why PRO traders wear helmets (a.k.a. Stop-Loss)

When I started learning the basics of trading, I’ve learned the importance of using a stop loss. Stop losses are there to protect us, to protect our capitals, our money and our future. But that was only theory for me at that time. However, when I started trading (i.e. applying what I’ve learned), I really felt the important role that stop losses play. Let me put it in this way. Let’s image A construction worker on site without his/her helmet. Well he/she is in REAL da…

How can we use stop loss effectively for more profitable trade?

I use SL in combination with hedging. I use hedging to block my loss and keep SL on hedge order. Works very nicely for me. Just using SL didn’t work for me, tried it and failed :eek: