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If we define Stop Loss when we create our order this is an Automatic Stop Loss. In turn, if we open our order without the Stop Loss set and manually execute the closing of the order in negative, this is a Manual Stop Loss.
There are “Non-technical issues”, in which some traders are of the opinion that by placing an automatic Stop Loss we are revealing to the Broker and to the Market our intentions. But nevertheless a Manual Stop Loss requires constant monitoring of the market. Another disadvantage of Stop Loss manual is that the trader must have the discipline and determination to execute Stop Loss. In these situations the Trader can be confronted with thoughts like: "Let it see if the market recovers a little more."The automatic use of Stop Loss guarantees the discipline and coolness that the human mind does not always allow.By weighing all these factors and especially for the less experienced it is clearly better to use an automatic Stop Loss.
There are “Non-technical issues”, in which some traders are of the opinion that by placing an automatic Stop Loss we are revealing to the Broker and to the Market our intentions. But nevertheless a Manual Stop Loss requires constant monitoring of the market. Another disadvantage of Stop Loss manual is that the trader must have the discipline and determination to execute Stop Loss. In these situations the Trader can be confronted with thoughts like: "Let it see if the market recovers a little more."The automatic use of Stop Loss guarantees the discipline and coolness that the human mind does not always allow.By weighing all these factors and especially for the less experienced it is clearly better to use an automatic Stop Loss.