Always use a stop loss!
. Trading without stops is
Suicidal and poor money management.
1.If you lose your internet connection or your computer
crashes you could lose more money on a trade than you wanted to.
2.If something unexpected happens in the world to cause a ‘price shock’
like a terrorist attack eg the stepember eleven 911, major natural disaster eg the japan flood of recent memory, or economic catastrophe
your entire trading account could be wiped out in a matter of minutes
or hours.
The first thing you should do when you enter your trade is
enter your stop loss. ‘Take profit’ amounts can be left blank… stop
losses should NEVER be!
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