I didn’t set stop-loss 100 times and this happened.
Why did I do that?
Because I recently heard about a trader who gets a 100% win rate.
How?
By not setting the stop-loss.
Does that sound really stupid?
But the guy is actually making money. So maybe we are wrong about stop-loss?
I mean, how bad can things really get?
To find the truth, I tested what happens when you use 200% of your brain and don’t set a stop-loss 100 Times.

I used 9 EMA and 21 EMA crossovers as the entry points.
I set the profit target at a 1% price move.
I used the 1 Day Timeframe so that the 1% price move is not that far.
I didn’t set the stop-loss obviously.
I kept things simple. What could go wrong?

I tested 100 trades without stop-loss on multiple Forex pairs.
And guess what?
When the market was moving like this, pretty much all trades were won quickly.
What does that mean?
Well, in the range market, not setting stop-loss makes money basically 100% of the time.
The profit graph in the Trading Rush Backtester App went up in a straight line.
But then I started noticing huge gaps between each trade.
I was only taking 1 trade at a time.
So, a huge waiting time between each trade only meant one thing.
All trades were winning, but some of them were taking forever to reach their profit target.
Why?
Because sometimes the price went way too far in the opposite direction after taking the entry.
Even though the 1% profit target was reached, it sometimes took multiple days, months, and even years.
Imagine waiting years to make only 1% profit.
Wait a minute, did none of the trades lose money?
Nope.
The random Forex pairs I used on the 1-day timeframe didn’t make big continuous moves like crypto.
So, none of the trades blew up the account in my testing.
But some trades had a max drawdown of more than 50% before reaching the profit.
Can you emotionally handle losing more than 50% of your account just to make 1%?
I also tried doing this test in the crypto market where the price makes big moves.
After making a 5% profit, the 6th crypto trade made an unrealized loss of 1489126%.
One will obviously blow up the entire account at 100% unrealized loss.
But if you are someone who doesn’t use stop-loss, just remember this big number.
If you trade on smaller timeframes, even Forex can make big losses like this.
Just like my neighbor’s dog once did.

In conclusion, this is what your trading journey will be like if you don’t use a stop-loss.