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Placing stop loss

ele020 (ele020)
Apr 29 at 05:35
161 posts
Fridrike43fr posted:
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.

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 more your practice, the more you learn.
SofieAndreasen
May 02 at 17:28
379 posts
ele020 posted:
Fridrike43fr posted:
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.

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.

Traders also need to place it in proper place. Otherwise, it may lead you to loss.

Akasuki
May 03 at 11:54
54 posts
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.

perryjohn765 (perryjohn765)
May 03 at 12:10
163 posts
it is indeed a very very imp feature. stop loss can save u going in big losses

Sarjohn (Sarjohn)
May 05 at 10:03
125 posts
Gracewilson1995 posted:
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.

Yes to know exactly where to place a stop loss a person should have knowledge of support and resistance level.

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