Contact Why Trading Without a Stop Loss Is Financial Suicide Trading looks simple on the surface, but if you’ve ever been in a live trade, you know how quickly emotions can take over. One minute you’re in profit, and the next, the market reverses and wipes out your gains—or worse, your entire account. That’s why having a stop loss is not just a good habit; it’s a survival strategy. This article will dive deep into why stop loss is crucial, how it works, and why ignoring it can lead to disaster. Why You Should Always Have Stop Loss What Exactly Is a Stop Loss? A stop loss is a pre-set price point where your broker automatically closes your trade to prevent further losses. Think of it as a safety net under a tightrope walker. Without it, one misstep could mean total disaster. With it, you may fall, but at least you won’t crash into the ground. Why Traders Avoid Setting Stop Loss Many traders, especially beginners, avoid placing stop losses because: They think t...