|
no stop loss is suicide
Westneck is right, we welcome you if you want to donate real cash to more successful forex traders by not using a stop. Please take the time to read, research, and ask arround. Everything I have read and have learned is that stop losses are to be determined before you place an order. This is discipline! How can you attribute any gains to anything but luck without having a plan to enter, exit and protect. The stop loss is just as vital to your trading plan as profit targets and entry points. I sorry for sounding harsh, after all it is your money, but if you plan on being a trader in the forex market, you must employ stops.
__________________
Pipdog
|