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Stop Loss
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AniLorak

Member Since Apr 18, 2017  847 posts AniLorak Mar 31 2019 at 08:28
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.

AniLorak

Member Since Apr 18, 2017  847 posts AniLorak Mar 31 2019 at 10:07
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.

AmDiab

Member Since Apr 18, 2017  624 posts AmDiab Apr 28 2019 at 10:57
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.

AniLorak

Member Since Apr 18, 2017  847 posts AniLorak Apr 29 2019 at 18:56
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.

Adribaasmet

Member Since Aug 27, 2017  759 posts Adribaasmet Jun 29 2019 at 08:13
Money management is the key; without proper money management there is no way to exist here in a long run.

Gabor33

Member Since Dec 09, 2016  45 posts Gabor33 Jun 30 2019 at 07:11
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.

AmDiab

Member Since Apr 18, 2017  624 posts AmDiab Jun 30 2019 at 09:50
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?

Gabor33

Member Since Dec 09, 2016  45 posts Gabor33 Jun 30 2019 at 11:10
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

frankmartin1

Member Since Dec 18, 2018  44 posts Frank Martin (frankmartin1) Jul 01 2019 at 06:01
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.

AmDiab

Member Since Apr 18, 2017  624 posts AmDiab Jul 01 2019 at 06:53
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.

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