The full answer
Your requirement to use a stop loss depends on the rules attached to your specific program/account.
Where a stop loss is mandatory, one must be used in accordance with the applicable rules.
Drawdown & risk
Do I need to use a stop loss?
Your requirement to use a stop loss depends on the rules attached to your specific program/account.
Related questions
Drawdown & risk
Can profitable trades offset a previous breach?
No. Once a hard breach has occurred, a later market recovery does not undo it.
Drawdown & risk
What happens if a compulsory stop loss is missing?
Where the account requires stop losses, placing a trade without one may result in action being taken against the position or account according to the current trading rules.
Drawdown & risk
Can I move my stop loss?
Yes, provided doing so does not violate your account rules or cause the account to exceed any risk limit.
Drawdown & risk
Can I use mental stop losses instead?
Not where an actual platform stop loss is required by your account rules.
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