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Stop loss is a killer if

Michihito
Nov 04 2020 at 11:10
298 posts
Stop loss is a killer if you do not use it properly. You should risk reward ratio of your strategy. In ranging market it seems price comes back again. But if the market trend for long and if you against the trend you will eventually get the margin call.

EbonyJones
Nov 14 2020 at 12:36
232 posts
Yes. Without proper knowledge about stop loss, you can not use it. It will become a dangerous thing if you have no knowledge about it.

TR4DEX
Nov 16 2020 at 11:50
88 posts
Stop loss is a killer if... it is one pip away from your entry. 😁😁😁

GeorgeBischof
Nov 21 2020 at 18:18
318 posts
I think stop loss is very effective for new traders to control their losses.

SofieAndreasen
Nov 22 2020 at 17:27
658 posts
Many traders lose opportunity to make profit from potential trade due to wrong SL placement. Support and resistance level are important regrading SL placement.

Harshalmark09
Nov 27 2020 at 04:33
15 posts
I know that stop loss is very important in trading. But if you don’t have any knowledge about it, it can be very harmful.

RobSchiz
Jul 06 at 17:25
459 posts
Harshalmark09 posted:
I know that stop loss is very important in trading. But if you don’t have any knowledge about it, it can be very harmful.

You need proper knowledge to use stop loss.

RobertFerrari
Oct 05 at 19:03
218 posts
GeorgeBischof posted:
I think stop loss is very effective for new traders to control their losses.

But you need proper knowledge to use it.

Treeny
Oct 05 at 19:07
173 posts
They need to be placed sensibly but are a crucial for when you get it wrong...

Pengus
Oct 06 at 19:54
8 posts
In my opinion, stop loss is a great opportunity for new traders to trade without any fears that they will lose everything, because it fixes the amount of money which they lose. I see this option very profitable and effective, however lots of traders claim that it can be dangerous. It's partly so I think. As for take profit, then it also is created for accumulations safety, however it also reduces the potential amount of money which a trader might win. So, there are both sided of the coin I guess. Anyway, I would recommend all rookies and professionals to use stop loss in order to make your way much easier and profitable.

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