Yūcheru's Trade Fitness Gym | Because I place a stop loss, I lose

Youchelsan Profile

Active on YouTube as a “Muscle Trader.” Known for technical analysis of EURUSD, with subscribers rapidly increasing. The catchphrase is “Trading is more physical than mental!”

Twitter：https://twitter.com/EURUSDsenmon

What made me start winning was not placing stop losses?

When FX beginners are taught trading, the rule they’re told is usually, “Place a stop-loss order (pending order).” I was taught the same and would place stop-loss orders every time.

The most frustrating thing is when price moves in your favor after hitting your stop-loss order. “If only I had avoided moving the stop by a few more pips, I’d be making a killing right now…” You’ve probably experienced something like that, right?

To avoid that, I think a lot about it and place stop-loss orders, but they still get touched (laughs). It feels like someone is watching you. Many aspiring FX traders can relate.

If this continues, the outcome is trading with endless stop-losses, becoming so-called “stop-loss poverty,” exhausting the margin and exiting (laughs). Ugh, no thanks.

So what can be done to prevent this? One characteristic I see in successful traders is “not using stop-loss.”

When asked what helped me start winning in FX, the first thing that comes to mind is “not using stop-losses.”

So why does not using stop-loss help you win?

• How the market works
• Where does the money that would have been stopped go?

First, I’ll explain these two points.