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Stop Loss
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Jaykay55

Member Since Jul 03, 2019  5 posts Jaykay55 Jul 03 2019 at 07:53
AmDiab posted:
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.


My motto of SL is to use both favorable expectation (market's situation and affordable loss), otherwise don't trade in that time to avoid greed. critical one

Bansheedo

Member Since Jul 03, 2019  8 posts Bansheedo Jul 03 2019 at 10:05
I use stop loss as a percentage of the ATR. If For daily I use 100%, 4 hourly I use 50% and 1 hourly 25%

gcbuckTP

Member Since Jan 16, 2019  1 posts gcbuckTP Jul 03 2019 at 23:46
The ATR is the best indicator to use for SL and TP and the only one to use for trading forex[ SL 1.5 x ATR for all timeframes] hope this of help!

Trade small low DD
lavis_book

Member Since Jul 09, 2019  26 posts lavis_book Jul 12 2019 at 10:50
Stop loss is an amazing order type that helps you to safeguard yourself against potential losses from trade. It lets the buyer buy or sell a stock automatically, once a particular set price is achieved. It is a way to limit the trader’s losses. For instance, if you have applied a stop loss at about 15% below the buying price, then your loss is limited to 15%. you cannot incur a loss more than 15%.

Setting up a stop loss while trading has both advantages and disadvantages.

ADVANTAGES
    • you don't have to keep a constant watch on your stock’s position.
    • You are safeguarded against big losses by setting a stop loss.

DISADVANTAGES
    • this type of order cannot be placed on all types of securities.
    • If the stop loss is set at a price too close to the current price, the deal may get triggered and an unnecessary sale may take place.

togr

Member Since Feb 22, 2011  4541 posts vontogr (togr) Jul 12 2019 at 11:30
lavis_book posted:
Stop loss is an amazing order type that helps you to safeguard yourself against potential losses from trade. It lets the buyer buy or sell a stock automatically, once a particular set price is achieved. It is a way to limit the trader’s losses. For instance, if you have applied a stop loss at about 15% below the buying price, then your loss is limited to 15%. you cannot incur a loss more than 15%.

Setting up a stop loss while trading has both advantages and disadvantages.

ADVANTAGES
    • you don't have to keep a constant watch on your stock’s position.
    • You are safeguarded against big losses by setting a stop loss.

DISADVANTAGES
    • this type of order cannot be placed on all types of securities.
    • If the stop loss is set at a price too close to the current price, the deal may get triggered and an unnecessary sale may take place.


Stop loss is not order type. Order types are buy/sell stop/limit.
SL is parameter of such order. It is not mandatory and there are also other ways to close trades.

SL is not only helpfull but is is also dangerous as it can close trade in loss ofter causing actual loss to your account.
Determining the proper SL is one of the most important part of trading plan.

I like what I trade, I trade what I like
AniLorak

Member Since Apr 18, 2017  847 posts AniLorak Jul 14 2019 at 07:50
togr posted:
lavis_book posted:
Stop loss is an amazing order type that helps you to safeguard yourself against potential losses from trade. It lets the buyer buy or sell a stock automatically, once a particular set price is achieved. It is a way to limit the trader’s losses. For instance, if you have applied a stop loss at about 15% below the buying price, then your loss is limited to 15%. you cannot incur a loss more than 15%.

Setting up a stop loss while trading has both advantages and disadvantages.

ADVANTAGES
    • you don't have to keep a constant watch on your stock’s position.
    • You are safeguarded against big losses by setting a stop loss.

DISADVANTAGES
    • this type of order cannot be placed on all types of securities.
    • If the stop loss is set at a price too close to the current price, the deal may get triggered and an unnecessary sale may take place.


Stop loss is not order type. Order types are buy/sell stop/limit.
SL is parameter of such order. It is not mandatory and there are also other ways to close trades.

SL is not only helpfull but is is also dangerous as it can close trade in loss ofter causing actual loss to your account.
Determining the proper SL is one of the most important part of trading plan.


Basically, traders need to use the SL & TP according to the market situation! Having a fixed target on SL would be more dangerous!

Aaronpp

Member Since Aug 05, 2019  7 posts Aaronpp Aug 06 2019 at 17:09
The Stop Loss is a great tool that I personally use in my operations but you can’t ask what is the exact amount you need to set, it all depends on how much loss you are willing to assume in a particular operation by guiding you by your statement of account and the volume you want to establish in the movement.

togr

Member Since Feb 22, 2011  4541 posts vontogr (togr) Aug 07 2019 at 06:41
AniLorak posted:
togr posted:
lavis_book posted:
Stop loss is an amazing order type that helps you to safeguard yourself against potential losses from trade. It lets the buyer buy or sell a stock automatically, once a particular set price is achieved. It is a way to limit the trader’s losses. For instance, if you have applied a stop loss at about 15% below the buying price, then your loss is limited to 15%. you cannot incur a loss more than 15%.

Setting up a stop loss while trading has both advantages and disadvantages.

ADVANTAGES
    • you don't have to keep a constant watch on your stock’s position.
    • You are safeguarded against big losses by setting a stop loss.

DISADVANTAGES
    • this type of order cannot be placed on all types of securities.
    • If the stop loss is set at a price too close to the current price, the deal may get triggered and an unnecessary sale may take place.


Stop loss is not order type. Order types are buy/sell stop/limit.
SL is parameter of such order. It is not mandatory and there are also other ways to close trades.

SL is not only helpfull but is is also dangerous as it can close trade in loss ofter causing actual loss to your account.
Determining the proper SL is one of the most important part of trading plan.


Basically, traders need to use the SL & TP according to the market situation! Having a fixed target on SL would be more dangerous!


SL is like meregncy exit.
The thing is when you are too carefull and submitting too tight SL, it will be hit often and thus resulting in loss of capital

I like what I trade, I trade what I like
BBBLack

Member Since Jul 31, 2019  9 posts BBBLack Aug 07 2019 at 10:24
I don't use stop loss. I close trade only when I get a chart pattern in opposite direction to that of which I am in. This means that I am always in the market when I close a long trade I open a short trade

Imamul

Member Since Aug 09, 2017  436 posts Imamul Aug 14 2019 at 17:08
We loss for many reasons , one of the most common reason is immature trading plan or target , this approach always make us emotional and greedy , as a result we trade here at random and become loser . we it is more appropriate to make trading plan according to practical situations.

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