Silk posted: I dont no how to set stop loss, please help me
There is one very simple rule in trading... 'if in doubt - get out!'
Another rule is... 'never trade without a stop'. Another rule is... 'never move your stop farther from the entry price' Another rule is... 'always calculate your lot size according to the risk you're willing to take' as opposed to just guessing or random selecting. Another rule is... 'never let fear or greed take control of your trading actions'
Most amateur traders are controlled by these emotions - hardly any of them will admit it. It's the macho/ego that they are controlled by.
FOLLOW THESE SIMPLE RULES and your chances to be successful in the trading business are much greater.
If you don't know how to select SL and how to calculate your lot size (extremely important), then read some of my old posts where some of it is explained.
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