What do you guys think, is stop loss something or, or not so good?

[Wekesa]

It depends, sometimes if you place your stop loss at all the margin you have, then that does not make sence or if you take your stop loss at zero that also does not make sense be sure to really define what you want and you will achieve everything that we have in the right time that is how you are and yes to me it makes sence but with a managed account

[Aya]

Stop-loss is a lifesaver. It could prevent further losses.

That is true. Personally, it has saved me quite a number of times already. I had a few trading activities before that were closed before the price further dropped and that is because of this stop loss feature.

[Mr. Cid]

That is why stop loss is just as important as the take profit feature. This would limit your losses. We often lose focus when we see the price dropping drastically and we end up closing at the lowest point. But if we had set a stop loss, then this could be prevented.

Stop-loss is a lifesaver. It could prevent further losses.

[Aya]

That's true. We get this mental block when the real deal is here. That is why it is also important to practice so that we will become comfortable and applying the theories we have learned.

That is why stop loss is just as important as the take profit feature. This would limit your losses. We often lose focus when we see the price dropping drastically and we end up closing at the lowest point. But if we had set a stop loss, then this could be prevented.

[Trader_Rob]

It's our nature to study everything. All the knowledge we know will disappear when we panic.

That's true. We get this mental block when the real deal is here. That is why it is also important to practice so that we will become comfortable and applying the theories we have learned.

[Newbie_trader]

Try not to forget to main the risk-reward ratio whenever you use stop loss.

It's our nature to study everything. All the knowledge we know will disappear when we panic.

[Mr. Cid]

I always focus on my profit so I kinda forget this method.

Try not to forget to main the risk-reward ratio whenever you use stop loss.

[Newbie_trader]

I always focus on my profit so I kinda forget this method.

[Mr. Cid]

Stop-loss functions only for daily trading activities. It is also effective when the market conditions are not favorable to you.

[AbdulShiek]

Stop loss is a life-saver for a day trader like my self. I use different trading approach every time I use Stop loss.