Trading Without Stops and Why Stops Don't Work ❗❓

Comments · 233

• UK

  @ukspreadbetting · 6 years ago (edited) · pinned

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• SS

  @SSEnrich · 6 years ago

  I tested without a stop back in March. Scalping. I had days with maybe 80 % success and still I had days with 150 pips loss. The problem is that it only takes one trade without stop and maximum bad luck and the whole week is ruined.

  151

• YO

  @yogibtc261 · 5 years ago

  Pro tip: enter your position at the price where you would set your stop loss. Then put your stop loss below that which will invalidate your trade hypothesis. Also, ideally, the stop loss should be placed at a place, where market structure will be broken if price breaches that level. Market leans on a structure i.e. trend lines, ema/dynamic support resistance, fib levels, horizontal support resistance. Stop loss should be below the market structure where if it ever breaks, it is expected to go a lot lower . This way you can enter at a better cost basis later even though you might incur small loss bow.

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• DA

  @danstylus1 · 6 years ago

  A lot of people taking the wrong message away from this. He isn&apos;t saying avoid stops he&apos;s saying maybe wider with lower size is more profitable over time. If something dumps completely and you would have been out after a few % you&apos;ll lose a lot of your account without one

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• SN

  @snay6869 · 6 years ago

  I love stops. I just put them where my position gets 100% invalidated. They&apos;re super useful.

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• SA

  @SauravKumar-rg8eh · 6 years ago

  I have traded without stops and blown up 8-9 times (real accounts). Still a beginner and trying learn and control my emotions.

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• NI

  @nickedmunds1829 · 6 years ago

  Excellent, I used to trade Without Stops and made Money because I came out when the market/trend told me it was changing. I started using stops and lost trade after trade which then reverted back to the direction I had chosen to trade. Frustrating is not the word 🤬🤬😡

  61

• GE

  @geoffmelnick1472 · 2 years ago

  This was exactly one of two points that changed my trading from disastrous to profitable. &nbsp;The other point was how to enter the trade. &nbsp;Now I enter in the area where I used to put my stops, and my stops are much wider, based on the point that a move in the market follows an increase in volatility. &nbsp;<br>And I don&apos;t believe there is such a thing as stop hunting. &nbsp;There&apos;s low volatility before the move and then the volatility increases, so a stop based on the low volatility is almost bound to be taken out prior to the move you&apos;re looking for.

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• JO

  @jonathangant251 · 6 years ago

  Market Makers lv stops because they hunt for SL and resell the shares they collected .

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• GR

  @gregkeen4907 · 5 years ago

  I just finished watching his other video about how to place stops.

  5

• -B

  @-Buckarooz · 6 years ago

  When i get in my car, &nbsp;I put my safety belt on, &nbsp;I do this just in case of an accident . I do not do this because I think there will be an accident, otherwise I would not get in my car. &nbsp;To me, stops should be used in the same way.

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• QW

  @qwertyuiopasdfghjkl2556 · 6 years ago

  Stops have cost me alot of money indeed, I made a couple of EAs without stops that make good money

  8