@DumbMoneyHunter@Gr8_Bro your 2024 post on stop losses caught my attention, and I wanted to share a real scenario from my Maven account (Phase 2) that made me think.
@DumbMoneyHunter@Gr8_Bro This raises an interesting question: are stop losses truly “useless,” or is the real issue how platforms reconcile trader intention vs. actual execution, especially in volatile markets?
@DumbMoneyHunter@Gr8_Bro My concern: if the system confirms that the stop loss was correctly placed before the breach, then technically I did not violate the rules. I followed the dashboard and planned according to the daily limit.
@DumbMoneyHunter@Gr8_Bro Despite this, my account was marked as failed. Support explained that stop losses only initiate a position to close, and in volatile conditions, slippage can occur. Traders must account for spreads and market volatility.
@DumbMoneyHunter@Gr8_Bro I was carefully tracking my daily loss limit. At one point, I had $81 remaining. I opened a 0.5 lot trade and placed a stop loss at ~$76—well within the daily limit—so I would stay fully compliant with the rules.