1 min read

The 4 Reasons Why Only Losing Traders Trade Without A Stop Loss

Picture of Rolf Rolf Nov 2, 2015 7:00:00 PM

Go on any website, trading forum or listen to traders talk on social media and eventually the conversation drifts towards trading without a stop loss. Amateur traders see their stop as the thing that works against them and so they try to come up with reasons why trading without a stop loss will make them better traders.

Needless to say that it usually ends in a disaster. Trading without a stop loss will keep you from making improvements as a trader. Trading with a stop has so many benefits and by understanding the dynamics of a stop loss order in combination with other trading components, a trader can easily find several ways how to tweak and adjust his trading performance.

Last week we published an article on Edgewonk.com about the 4 reasons why trading without a stop loss will keep you from making improvements. You can read the full article by clicking on the link below.

The 4 reasons why trading without a stop loss should be avoided at all costs
The best trading journal

3 min read

Best Trading Journals of 2024: Which One Should You Choose?

Rolf: Nov 20, 2024 9:27:15 AM

Choosing the right trading journal is essential for traders wanting to analyze performance, refine strategies, and improve consistency. In this...

Beginners
Read More
Continuation Chart Patterns

4 min read

The Best Trend Continuation Chart Patterns

Rolf: Nov 8, 2024 7:40:47 AM

Trading successfully depends on recognizing market structures and patterns that indicate whether an existing trend will continue. Trend continuation...

Price Action Strategies
Read More

3 min read

Turning Losses into Lessons and Building Better Habits (podcast)

Rolf: Nov 7, 2024 7:06:20 AM

No matter how good you are as a trader and how great your trading strategy is performing, sooner or later, you will experience losing trades. What...

Psychology
Read More