If you are new to trading and you choose to trade with SL. There are different emotions involved once an SL is hit. no matter how good your strategy on setting SL, sometimes SL will be hit. You have to train yourself to live and accept the reality that sometimes your SL would be hit, or else you will find yourself "Revenge Trading". This is the reason why some traders prefer to trade without SL. KNOW THY SELF. It is the key, then choose the method appropriate for your personality. Once you find yourself, stick for the style you chose for a long time. Master it.
Just remember, trading with or without SL is equally risky if you don't know what you are doing. Perfect your craft.
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