Edit Your Comment
Stop Loss
Uczestnik z Aug 11, 2017
886 postów
Sep 03, 2018 at 08:42
Uczestnik z Aug 11, 2017
886 postów
Stop loss is very much important tool; but I don’t have any fixed number with this tool. In my live trading, I always set my SL based on the distance between support & resistant levels.
Uczestnik z Aug 30, 2018
25 postów
Sep 05, 2018 at 10:53
Uczestnik z Apr 13, 2018
22 postów
SL standing based on the support/resistance levels is a nice option. The distance depends on the market volatility. Btw, my opinion: SL is using only for your patience. SL is a psyhological tool but is not a part of trading strategy.
Be in time
Uczestnik z Apr 18, 2017
718 postów
Sep 25, 2018 at 14:29
Uczestnik z Apr 18, 2017
718 postów
Good plan mate, I don’t think; it’s a good idea to trade with a fixed SL! I am also following the same way! I always set my SL/TP according to the market’s requirements.
Uczestnik z Aug 27, 2017
994 postów
Sep 27, 2018 at 07:13
Uczestnik z Aug 27, 2017
994 postów
RichPort posted:
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss
I think, if your risk reward ratio is 2% then you can open 2-3 trades in a time so smoothly.
Uczestnik z Apr 18, 2017
718 postów
Sep 30, 2018 at 07:01
Uczestnik z Apr 18, 2017
718 postów
RichPort posted:
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss
Mate if you trading capital is too narrow like below 100$ than 50 pips SL would be costly, in this case traders can use cent type trading account.
Uczestnik z Aug 27, 2017
994 postów
Oct 07, 2018 at 05:55
Uczestnik z Aug 27, 2017
994 postów
AmDiab posted:RichPort posted:
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss
Mate if you trading capital is too narrow like below 100$ than 50 pips SL would be costly, in this case traders can use cent type trading account.
Yes, this type of trading account is very useful for the newbie! On the other hand, 50 pips SL is for only long term trading like swing trading, it’s not for short term trading at all.
Uczestnik z Apr 18, 2017
920 postów
Mar 31, 2019 at 08:28
Uczestnik z Apr 18, 2017
920 postów
Mohammadi posted:
Stop loss is very much important tool; but I don’t have any fixed number with this tool. In my live trading, I always set my SL based on the distance between support & resistant levels.
You are with a perfect plan; having a fixed SL target is meaningless since, we traders need to set the SL according to the market context; not anything else.
Uczestnik z Apr 18, 2017
920 postów
Mar 31, 2019 at 10:07
Uczestnik z Apr 18, 2017
920 postów
CRPA9 posted:
You should look for risk reward and always make sure its atleast 1:2
Exactly; it’s good consideration; in addition, traders shouldn't expect here any unrealistic profit.
Uczestnik z Apr 18, 2017
718 postów
Apr 28, 2019 at 10:57
Uczestnik z Apr 18, 2017
718 postów
AniLorak posted:CRPA9 posted:
You should look for risk reward and always make sure its atleast 1:2
Exactly; it’s good consideration; in addition, traders shouldn't expect here any unrealistic profit.
Basically; greed traders expect unrealistic profit here! On the other hand, successful traders set their trading targets according to their real time experience.
Uczestnik z Apr 18, 2017
920 postów
Apr 29, 2019 at 18:56
Uczestnik z Apr 18, 2017
920 postów
AmDiab posted:AniLorak posted:CRPA9 posted:
You should look for risk reward and always make sure its atleast 1:2
Exactly; it’s good consideration; in addition, traders shouldn't expect here any unrealistic profit.
Basically; greed traders expect unrealistic profit here! On the other hand, successful traders set their trading targets according to their real time experience.
In addition; end of the day greedy traders lose their everything; since they have no plan here without money making.
Uczestnik z Aug 27, 2017
994 postów
Jun 29, 2019 at 08:13
Uczestnik z Aug 27, 2017
994 postów
Money management is the key; without proper money management there is no way to exist here in a long run.
Uczestnik z Apr 18, 2017
718 postów
Jun 30, 2019 at 09:50
Uczestnik z Apr 18, 2017
718 postów
Gabor33 posted:
Don not use leverage, that way stop loss become much less important.... So you can start focus on your actual trading strategy instead of worrying about losses.
So you are make dealing with 0 leverage? Or using the small amount?
Jun 30, 2019 at 11:10
Uczestnik z Dec 09, 2016
49 postów
AmDiab posted:Gabor33 posted:
Don not use leverage, that way stop loss become much less important.... So you can start focus on your actual trading strategy instead of worrying about losses.
So you are make dealing with 0 leverage? Or using the small amount?
1:3 maximum
Uczestnik z Dec 18, 2018
47 postów
Uczestnik z Apr 18, 2017
718 postów
Jul 01, 2019 at 06:53
Uczestnik z Apr 18, 2017
718 postów
frankmartin1 posted:
A stop loss is very important for fund security. A stop-loss order is developed to reduce a trader's loss on a position in a security. A stop-loss order eliminates emotions that can impact trading decisions.
No doubt on the value of SL; but we traders need to set the SL according to the market’s situations instead of our own choice! That’s the Moto of SL.
*Komercyjne wykorzystanie i spam są nieprawidłowe i mogą spowodować zamknięcie konta.
Wskazówka: opublikowanie adresu URL obrazu / YouTube automatycznie wstawi go do twojego postu!
Wskazówka: wpisz znak@, aby automatycznie wypełnić nazwę użytkownika uczestniczącego w tej dyskusji.