Hi Boss No point taking that trade if your not comfortable with...

Hi Boss

No point taking that trade if your not comfortable with the Stop Loss placement. They are just setting you up to lose money by asking you to take a far bigger risk that you would like. Those trades always seem to fail.

I myself don't use guaranteed stops, almost never have had a bad loss over the years being caught out with a big move against me. However I will close very large lot size trades over weekend or near times of major news times.
I like to have hidden stop losses set by my trade manager that my broker can't see but will always have a second visible hard stop loss they can see 400 pips away. This hard stop will save my ass and has never been hit luckily.

I won't trade the Swiss Franc or Chinese Yuan