DislikedYou must always use a stop-loss order, people who do not are not professional traders!Ignored
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- | Joined Jul 2012 | Status: consciuos incompetence level | 2,064 Posts
JacekPreserve Precious Capital
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DislikedYou must always use a stop-loss order, people who do not are not professional traders!Ignored
DislikedIf anyone has any concrete examples of professional traders not using stop loss orders I'd like to know. I know there are a few who use mental stop losses only but that's still placing a stop loss. What I'd like to see if there are professional traders who say 'I don't use stop losses and instead I just wait for the market to return to my entry price, etc.'. I haven't come across a pro trader with that philosophy yet.Ignored
Disliked{quote} Hi A stop order becomes a market order when triggered. Any serious broker will warn you about the risk related to holding a stop order. This risk is higher when your broker is a market maker, since he knows your stop position and he can execute it a the price he wants (market price in a market he makes). In terms of money management a stop loss order is not quantifiable (slippage), this in high volatility means that your loss can be way much higher than expected. But the bigger damage a stop order can make to your account is due to the absence...Ignored
Disliked{quote} Unfortunately, Forex options, especially those at the money, are very expensive. Also, you can only have strike prices at round numbers. Correct me if I'm wrong.Ignored
Disliked{quote} Well, ISE strikes are at every 50 in eurUsd, (1.3000-1.3050). It can be expensive but when you learn how to use volatility this becomes a decisive factor when you take a position ( meaning you enter on the spot only when the hedge is not expensive).Finally when you start using options, very quickly you will definitely forget the spot since options are a very powerful tool, a bit complicated but with limitless possibilities and at very low cost whatever the market is doing. In fact I can say that mastering options is the ultimate level in...Ignored
DislikedHi guys, I'm new to Forex and new around here. I got a rookie questions for you. How do you decide where to put the SL? How much pips do you chose and why? Thanks, LuukasIgnored
Dislikedhi guys, I've heard that pro fx traders who do not use stop losses and this had contributed much controvesy. Anyone who approve or disapprove please commentIgnored
Dislikedhi guys, I've heard that pro fx traders who do not use stop losses and this had contributed much controvesy. Anyone who approve or disapprove please commentIgnored
Disliked{quote} this month I burnt my first LIVE trading account with 900EUR. It's gone. Why?.........Ignored
Disliked{quote} Hi, So, you experienced already fact that exit is more important than entry, right ?? This is valuable advice given by Ronald Raygun at his profile.... this advice is worth millions....Ignored