Stop loss users first half year PnL and account liquidation poll

[Oshosondy]

I know I have asked the question from traders on this forum about their trading net PnL in the first half of this year, but I want to be more specific by asking only those that are using stop loss.

The first question is if their trading account has gotten liquidated this year? I believe if a trade is having $200 to trade, hitting stop loss often than making profit, emotions can begin to control the trade. As the trading account funds shrinks, he can later just recklessly trade and his trading account funds get liquidated.

Another one is that you just used stop loss, but something happened later and stop using it and your account got liquidated and you blame yourself that why did you not use stop loss?

Are you also in profit because of stop loss?

Please do not tell me that stop loss does not guarantee profits in trading, nobody is trading not to make money and trading is not fun at all.

[retaur]

Just don't trade with leverage and then you won't get liquidated .

On a more serious note, if you're not making money in spot, don't trade with leverage or borrowed money. Most leverage trading just brings money into the exchange and isn't designed to reward users.

[Flashift]

You perfectly described the exact psychological trap most traders fall into. Repeatedly hitting your stop-loss slowly bleeds your account until frustration takes over.
You disable your stop-loss just once to avoid another minor hit, and the exchange immediately liquidates your entire balance.

In a heavy battle, you must also bring a shield with you. A sword alone is not enough. Stop-loss, is your shield.

[EarnOnVictor]

The first question is if their trading account has gotten liquidated this year? I believe if a trade is having $200 to trade, hitting stop loss often than making profit, emotions can begin to control the trade. As the trading account funds shrinks, he can later just recklessly trade and his trading account funds get liquidated.

This part, I didn't even abandon my stop loss; I never used it, and the trade was on Bitcoin. It got liquidated in about 24 hours. That's my first and the last trade on exchanges this year, and it happened in January.

Another one is that you just used stop loss, but something happened later and stop using it and your account got liquidated and you blame yourself that why did you not use stop loss?

This had happened to me many times. I might have been using stop loss for months to preserve my account successfully. But a few losing streaks which was cut short by stop loss could get me angry, thereby abandoned the stop loss. My account doesn't last 2 days thereafter.

Are you also in profit because of stop loss?

Yes! This part is 100% because I don't risk low.

Please do not tell me that stop loss does not guarantee profits in trading, nobody is trading not to make money and trading is not fun at all.

Of course, to be fair, this part shouldn't be silenced because stop loss is not for money-making, but for protection, which will then enhance your profitability through the proper management.