How important are stop losses? Are they really required? Almost everyone who starts have trading would want to do trading in the right way and hence start off by having SL for all their trades. Due to the inexperience and lack of knowledge and various other factors, they choose wrong points to have their SL. The result is that the price hits their SL,closes their trade and then turns back and then carries on in the direction of the trade and the user is then heart broken. This happens 5-6 times within a very short span of time and then the user comes to a conclusion that stops are of no use and then stops using the ... (full story)