Nov 05 2022 at 11:29
Hi everyone,
i'm back at trading with a new strategy only on EURUSD, intradays and daily trading. I would like to get some feedback about a topic; i almost never place stop losses cause i don't want to be cut out from a support or a resistance for few pips. I'm doing quite well at getting getting the trend and when i don't the losing trades turns in profits (even if small ones) in max a week or whatever so i close them.
My account is < 1K € and i don't want to exceed 3% as money management per trade. How can i calculate the lot size if i dont' place stop losses? is there a kinda scale according to the accout dimension that can be used? What do you think in general? Thanks
i'm back at trading with a new strategy only on EURUSD, intradays and daily trading. I would like to get some feedback about a topic; i almost never place stop losses cause i don't want to be cut out from a support or a resistance for few pips. I'm doing quite well at getting getting the trend and when i don't the losing trades turns in profits (even if small ones) in max a week or whatever so i close them.
My account is < 1K € and i don't want to exceed 3% as money management per trade. How can i calculate the lot size if i dont' place stop losses? is there a kinda scale according to the accout dimension that can be used? What do you think in general? Thanks
PERSEVERANCE.
Dec 14 2022 at 13:18
Great i like your post.
Dec 16 2022 at 06:27
Using stop loss is necessary not only for risk management but also for money management. Aim at not risking more than 2% per trade even if you think you have enough capital.
Secondly, use a lot size trading calculator for help. Moreover,lot sizes do not depend on whether you are using stop loss or not. So it wouldn’t affect me.
Secondly, use a lot size trading calculator for help. Moreover,lot sizes do not depend on whether you are using stop loss or not. So it wouldn’t affect me.
I think you need to calculate a value per pip and the wide range of prices from peak and valley in the high timeframe to measure how strong your capital is. Trading without stop loss once faces a mistake the trend will drag in a long time floating, although it possible the price back to the early track, however maybe has drawbacks if charged by swap cost when you trade using the broker without free swap facilities.
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