Stop losses are not required but are strongly encouraged. They serve as an essential risk management tool, helping to protect your account from significant losses, particularly during volatile market conditions.
Failing to place a stop loss or neglecting to actively manage your trades could result in extreme losses on any account. Tycoon Funded is not liable for any losses incurred due to a trader’s decision to forgo using a stop loss.
In addition, stop losses can be helpful during volatile trading hours, allowing for some buffer against unexpected price movements that may exceed your usual risk parameters. However, please be aware that we are not liable for any slippage or unfavorable fills on stop losses during these volatile times.
We strongly recommend that all traders incorporate stop losses into their strategies to ensure better control over their trades and to minimize potential risks.