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Sam@ezeetrader.com

2 Comments

  1. R Taylor-Reply
    November 9, 2016 at 1:06 pm

    Just amazes me that some people think they can get away without using stops! My stops have sometimes been WAY too slack, and yes of course in the past I’ve widened them a bit etc like every other newbie. But over the 2 years I’ve been trading I’ve always had some kind of stop in place for protection. Maybe that’s why I’m still in the game, at least! How do these people sleep, leaving the door wide open to their entire account?! Just madness. I would MUCH rather get stopped and then get back in if I still believe in a trade. That’s exactly what I did last night. Had a EUR swing short open going back a few days. Got stopped for -60 pips. Fine. Got back in as it became clear the rally wasn’t going to continue. Now 190 pips up. The point is, the rally very easily COULD have continued in a big way and without a stop could have ruined my account. I’m far from even being a “good” trader, but this is 101. Save yourself a whole load of pain people – *always* use stops! 🙂

  2. Steven T-Reply
    November 9, 2016 at 2:03 pm

    Totally agree Charlie. I was at the Event on Saturday. I didn’t mingle too much I just came along to listen and find out if I was on the right track. Your views and small lecture / talk was very useful and confirmed that for me. I use Stops always as you should be able to work out where your stop should be before trading, either via your risk reward calculations or your S&R levels etc when looking for set ups.
    I dont mind being wrong now so long as I have “traded correctly”( trading correctly is the most important thing for me now, not winning or losing ) as I know that if I continue to trade correctly the I will gradually increase my equity. so, yes…always use stops.

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