No Stop Loss Required

Most prop firms require mandatory stop loss usage on every trade as a risk management measure. However, some firms allow trading without a stop loss, which can be advantageous for strategies that use other risk management methods such as reduced position sizing, hedging, or manual closes based on market conditions.

Trading without mandatory stop loss doesn't mean trading without risk management. Firms that don't require stop losses still maintain drawdown limits that act as capital protection. If your strategy works better without predetermined stop losses (for example, in ranging markets where stops frequently trigger before price returns), these firms may offer a more suitable environment. Ensure your risk management is solid regardless.