Is it okay not to set a stop loss?

No, if you walk along the river, you will get your shoes wet. In the long run, the gains do not outweigh the losses. Sometimes you can make it back by luck, but what if you can't make it back?

This is a question to answer novices. Although it doesn't have much content, many people are still not used to setting stop losses, no matter whether they are novices or veterans. Many people always ask Brother Ming, what should I do if I get stuck at this position? To be honest, if you ask me, I don't know what to do? Everyone should have a complete trading plan before opening a position. Anyway, there is no such thing as being stuck here. The stop loss should still be stopped, and there should be awe for the market.

Stop loss and position management are risk control measures, and their importance is no less than finding a suitable opening and closing point.

Many friends cannot pass the stop loss test, and have been struggling with the problem of how to set the stop loss, so that they are wavering and affecting the discipline of the operation. There is no good or bad right or wrong in stop loss. Small stop losses are often triggered, and large stop losses lose more at a time. Whether you use the percentage stop loss method, the ATR stop loss method, or the key point stop loss method, as long as it is within your tolerance and you are comfortable with it, it is the best, and it is within your reasonable acceptance range.

I am Brother Ming, who has been in the trading market for more than ten years. If you have any problems in trading, you can talk to Brother Ming!