Is it mandatory to use Stop Loss on all of my trades?

Using a stop loss or take profit is entirely optional and depends on your strategy.

A Stop-Loss order is a valuable risk management tool designed to limit potential losses by automatically closing a trade when the price reaches a predetermined level. Whether or not to use this feature depends entirely on a trader’s personal strategy and risk tolerance.

Traders who implement stop losses tend to achieve greater long-term success compared to those who don’t. Therefore, we strongly recommend incorporating stop losses into your trading approach.