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Placing stop loss
Feb 08, 2021 at 06:11
Member Since Apr 15, 2020
219 posts
UweMoench posted:its not even that difficult, yes it does involve a couple of factors to consider like, the extent of loss you are willing to bear, what are the ongoing spreads, a stop loss should never be so tight that it gets no space to breath and even a slight movement in the price triggers the stop loss level.
Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.
The more your practice, the more you learn.
Member Since Jul 20, 2020
298 posts
Feb 12, 2021 at 11:32
Member Since Jul 19, 2020
298 posts
Setting a stop loss is an integral part of successful trading. However I think it is ridiculous to set a stop loss of 10 pips because minor fluctuations can close our order. if we place a stop loss very near like 10 pips or 15 then a good order can be closed with a loss. I prefer to place a stop loss at least 30 pips away and usually place it from 30 to 80 pips depending upon the trading strategy.
Member Since Jul 23, 2020
759 posts
Feb 16, 2021 at 17:41
Member Since Jul 23, 2020
759 posts
jeffreyreed posted:I think placing stop loss at right is hard especially for new traders. Support and resistance level play important factor regrading this matter.
Setting stop loss might seem difficult in the beginning. But when you start using it in all of your trades, it won’t feel so.
Member Since Sep 12, 2017
238 posts
Member Since Dec 19, 2019
69 posts
Feb 22, 2021 at 16:35
Member Since Dec 19, 2019
69 posts
StopLoss is extremely important in forex trading especially if your a day Trader .Also you have to know how to manage risk if you want to be serious about your profession and if you want others to take you serious,I see some crazy risk management and none at all ,learn how forex orders are placed in the market ,typical chart can give you some clues for starters.
Happy hunting.
Happy hunting.
Strength and honor.
Member Since Apr 04, 2018
10 posts
Member Since Jan 11, 2019
147 posts
Member Since Jan 11, 2019
147 posts
Member Since Mar 16, 2021
477 posts
Mar 19, 2021 at 01:48
Member Since Mar 16, 2021
477 posts
This is my first post on this forum. I have been trading for a long time so I can express my opinion on this topic based on some experience. I usually try to place stop loss above or below the swing. In this trading style my losing ratio is low.
Member Since Dec 19, 2019
69 posts
Apr 18, 2021 at 10:58
Member Since Dec 19, 2019
69 posts
Some pairs are more stable than others ,thats why its wise to trade 1 pair to begin with ,usually what we do is wait for large spikes placing stop loss instantly as spike happens,must be a larger spike than rest of the trend.Next 3 candles present themselves of possible direction,takes practice of reading the trend to place correct stops.
Strength and honor.
Apr 28, 2021 at 06:16
Member Since Dec 11, 2020
110 posts
I will never understand traders who do not understand the importance of placing stop loss for their order. I can see why experienced traders sometimes do not do that, but beginner should seriously input their trading style and learn why stop loss is very important.
Member Since Sep 12, 2017
238 posts
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