trading without stoploss .
when in profit squareoff and in case things go south just switch from MIS to NRML position and wait for market to get in your favour .
what are your views on this simple WAIT & WATCH strategy ?
If you have an exit strategy then it is ok to not have stop loss Egs. Moving average crossover, etc. Else it is better to have stop loss.
Even if you think that the market will resume going in the direction you have bet the next day, it is safer to exit and then re-enter when it actually does.
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Don’t think this is a wise strategy. What you may earn in 10 trades, you could lose in 1 bad trade that goes against u and doesn’t recover.
This strategy if played differently could make sense. Hold only that capital in your trading account that u can afford to lose (say 1 to 2% of your actual trading capital). So your stoploss will be the money in your account. Now take as much leverage as possible, and let your positions run both profitable and loss making. Note that even for this to work, you shouldn’t book out of your winners immediately.
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A "BIG NO NO", never ever trade without a Stop Loss.
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ALWAYS USE " MENTAL STOP LOSS " NEVER USE " PHYSICAL STOP LOSS " LEARN TO TRADE WITH " MENTAL STOP LOSS " WHY ? READ THE ARTICLE BELOW TO UNDERSTAND
http://www.marketwatch.com/story/why-i-stopped-using-stop-loss-orders-2013-05-09