Can contract trading be done without a stop loss?

1️⃣ What are the consequences of not setting a stop loss in trading? The market is highly volatile. If you do not set a stop loss, your losses will be amplified when the market fluctuates sharply in the opposite direction. If you have a heavy position, even one wave can blow up your position. When your losses continue to magnify, it may cause your emotions to get out of control, and then make wrong decisions, such as adding positions with floating losses, over-trading, and high-risk operations, which will further aggravate losses. If you want to make a profit in trading, consistent execution is very important. If you do not set a stop loss, when facing losses, you will have negative emotions such as anxiety and fear, which will affect the consistent execution of the strategy.

2️⃣ It is not always right for a stop loss to make you cut your meat, but it can ensure that you can continue to survive in this game. Many people cannot strictly implement their stop loss plans. When experiencing continuous stop losses, many people often change their stop loss points because they often say that the market has changed. Who can be sure that a bad transaction will not turn into a good transaction if it is carried on?

Trading is actually a loser's game, and those who are best at losing will eventually win. Trading is not gambling. Treat it as a business and a career. These small wear and tear are the cost of doing business. You should minimize the risk and maximize the profit.

3️⃣ Stop loss is necessary. If the idea of ​​not stopping loss goes deep into the heart of the trader and forms his cognition, then one day he will be brought to the front of liberation by a wave. Netizens often discuss with me whether stop loss is necessary. The reason is that he has seen a so-called master who never stops loss, but the profit in the past year is also good. This is just a recent preference. In leveraged trading markets such as futures and foreign exchange, if you don’t stop loss, it is possible that most of the losses will turn into profits, because the market is volatile 80% of the time, but one day you will encounter a wave of reverse market conditions. No matter how much you have earned before, you will return it to the market, which is meaningless. #止损