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.
Nov 14 2020 at 12:36
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.
Stop loss is a killer if... it is one pip away from your entry. 😁😁😁
Nov 21 2020 at 18:18
I think stop loss is very effective for new traders to control their losses.
Nov 22 2020 at 17:27
Many traders lose opportunity to make profit from potential trade due to wrong SL placement. Support and resistance level are important regrading SL placement.
Nov 27 2020 at 04:33
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.
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.
Oct 05 at 19:03
GeorgeBischof posted:
I think stop loss is very effective for new traders to control their losses.
But you need proper knowledge to use it.
They need to be placed sensibly but are a crucial for when you get it wrong...
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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