Stop loss, good or bad?

[JamesForex123]

It all depends what you are trading and your trading style but I would say a stop loss is vital for most people to avoid totally blowing your account.

 

[Mariana]

Stop loss should help, if you do not know how it works, of course it only hinders...

 

[JamesForex123]

Though I do know some people who trade without a stop loss............

 

[Mariana]

Though I do know some people who trade without a stop loss............

I know too, stop loss isn't necessary.

 

[LawByLoh]

You know how to Take Profit also know how to setup Stop Loss as well...

 

[Ary Barroso]

I don’t see any disadvantage of SL unless setting is into a wrong place! SL is the best tool to protect traders trading capital.

 

[J_C_Anderson]

For sure, SL should be in a right place, or it would cause additional losses. The level to place SL is as important, as initial entry level, but only few traders understand it.