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Re: Strict stop loss is Holy Grail

boytoy, Thu Oct 06, 2022 1:48 am

Let's all be honest guys. Stop losses are something a lot of us like to preach but don't even practice mastering.

What's more interesting is the other half of us don't use stop losses because we think they are a scam and are used by brokers to hunt positions.

I have also traded many times without a stop loss.

The EUR/CHF crash of 2015 got me

Things were going well for years trading without a stop loss until I got wiped out during the EUR/CHF crash and lost $22,000 and an email from Alpari my broker to pay the -$11,500 which I accrued during the crash.

The next day Alpari entered insolvency.

Till this day I still haven't paid it 😂
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