Placing stop loss
Member Since Feb 16, 2019
30 posts
Mar 26, 2021 at 11:41
garrettlamb posted:even when running an EA?
Yes, placing stop loss can be tricky but if you get an idea about its proper placement, you can save your trades.
Member Since Dec 19, 2019
69 posts
Apr 18, 2021 at 10:58
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.
Member Since Jul 23, 2020
869 posts
Apr 27, 2021 at 16:53
garrettlamb posted:True. It is a good risk management tool. Every trader must use it.
Yes, placing stop loss can be tricky but if you get an idea about its proper placement, you can save your trades.
Apr 28, 2021 at 06:16
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 Mar 03, 2020
6 posts
Apr 28, 2021 at 12:33
The use of stop loss in trading is a prerequisite. Most of the accounts were lost because the trader was too lazy to place a stop loss.
Elena Triston (ele020)
Member Since Apr 15, 2020
219 posts
Apr 29, 2021 at 05:35
Fridrike43fr posted:Yes, exactly. If a trader makes an effort to study the market and decide the stop loss level, most of the trades can prevented from blowing up the accounts.
The use of stop loss in trading is a prerequisite. Most of the accounts were lost because the trader was too lazy to place a stop loss.
The more your practice, the more you learn.
Member Since Jul 23, 2020
759 posts
May 02, 2021 at 17:28
ele020 posted:Traders also need to place it in proper place. Otherwise, it may lead you to loss.Fridrike43fr posted:Yes, exactly. If a trader makes an effort to study the market and decide the stop loss level, most of the trades can prevented from blowing up the accounts.
The use of stop loss in trading is a prerequisite. Most of the accounts were lost because the trader was too lazy to place a stop loss.
lovefortrading (perryjohn765)
Member Since Sep 12, 2017
238 posts
May 03, 2021 at 12:10
it is indeed a very very imp feature. stop loss can save u going in big losses
May 05, 2021 at 10:03
Gracewilson1995 posted:Yes to know exactly where to place a stop loss a person should have knowledge of support and resistance level.
Yes it is bit difficult to know where to place but it shud be done where the person thinks she/he can not lose more than this.
Member Since Mar 16, 2021
477 posts
Dec 01, 2021 at 14:34
Akasuki posted:There is an argument in your comment. However, it cannot be denied that stop loss is very important to manage the risk.
Stop loss is important for short term traders. But the real problem is where to place the stop loss. Many people place stop loss by counting pips. But to place stop loss, knowledge of support and resistance is very important.
Dec 01, 2021 at 20:42
Every trade that you make has to have
A defined entry,in my case i average in.
A defined exit.
and a stop, ( this stop is your learning curve) because the way i trade there is probably a secondary trade, But.
But in three words.
A defined entry,in my case i average in.
A defined exit.
and a stop, ( this stop is your learning curve) because the way i trade there is probably a secondary trade, But.
But in three words.
Not Specified
Dec 01, 2021 at 23:39
Maybe how to place stop loss each trader has own way, some trader may prefer to use the risk-reward ratio to determine how much stop loss will be placed on every single trades, but some another trader maybe giving place wider stop loss than profit target with reason-giving more move room of the price so will often hit target profit, and experience will giving us the lesson and take what the best will be taken.
Dec 09, 2021 at 07:44
Placing stop loss is very important. Most traders don't utilize stop loss. They generally stay in a dread of losing trade. Then again taught traders have a methodology and a course of action. That proposes utilizing a stop-loss and a take-profit. When you trade along these lines you are not assessing or betting and you comprehend what the conceivable result can be before you take the trade.
Member Since Nov 23, 2021
34 posts
Dec 15, 2021 at 13:18
Stop loss is important and it’s part of risk management, so traders can minimise risks and maximise their profits. There is no fixed stop loss. Every trader should risk capital as per their risk tolerance. If you’re a new trader, then you should take less risk per trade.
Member Since Dec 05, 2020
81 posts
Dec 20, 2021 at 06:53
It is very compulsory for me to place stop loss in my order so that in case my order is making losses, so that with stop loss placed, my losses will be minimized.
