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When to stop.
Členem od Oct 18, 2021
60 příspěvků
Oct 19, 2021 at 12:21
Oh it is hard to say when stop. If you are loosing a lot and think about stop then stop. After first think.
Členem od Jun 13, 2020
17 příspěvků
Oct 19, 2021 at 19:19
Setting a stop loss is quite an individual thing. The only I can say is that it shouldn't be too narrow, so that it will work due to some minor fluctuations, and it shouldn't be too wide, so that you'll lose too much. All the details depend on your trading style and trading strategy.
Členem od Jun 16, 2020
57 příspěvků
Oct 26, 2021 at 04:02
There are various parameters that can help you in determining whether you should stop trading. Of course, it is sensible to stop trading when you’re not making any profits.
This is also the time for you to introspect and check where you failed. Backtest your strategies and see what could be the cause of it.
You should also stop trading when the market isn’t performing well and you fail to analyse it properly. That’s why it is important to stay updated with the news and study fundamental analysis.
This is also the time for you to introspect and check where you failed. Backtest your strategies and see what could be the cause of it.
You should also stop trading when the market isn’t performing well and you fail to analyse it properly. That’s why it is important to stay updated with the news and study fundamental analysis.
Členem od Jun 19, 2020
38 příspěvků
Oct 29, 2021 at 05:48
Setting up a stop loss is an individual preference because everyone's trading style is different.
However, that doesn’t mean traders should put it blindly. You should do a proper analysis and follow your risk & money management plan.
For instance, when the market is more volatile, a narrow stop loss is preferred.
However, that doesn’t mean traders should put it blindly. You should do a proper analysis and follow your risk & money management plan.
For instance, when the market is more volatile, a narrow stop loss is preferred.
Členem od Feb 20, 2021
51 příspěvků
Nov 01, 2021 at 06:08
A trader should stop trading when they have a bad feeling about the market or their trading plan. Sometimes, this is easier said than done because traders do not want to lose their hard-earned money. However, it is important to remember that losses are a natural part of trading, and the focus should be on risk management rather than chasing losses.
Členem od Dec 09, 2013
138 příspěvků
Nov 01, 2021 at 06:50
45656 posted:
You might say that setting a stop is an art; you need to make sure that your stop is set so that your trade can handle smaller jumps and drops in price while protecting you from losing your shirt if the market doesn’t go your way. A stop that’s too narrow may lead you to reenter the market, causing you to get stopped out again. That can cause more damage to your account balance than if you entered a stop that was too wide or if you had no stop at all.
A Stop Loss is to be set accordingly. A too wide Stop Loss may not be a good idea. It would get us more loss than profit. It means if we keep trading with such wide Stop Loss, we may not have good risk-reward. It would be an obstruction to be a consistent trader in the end.
Členem od Jul 20, 2020
385 příspěvků
Nov 19, 2021 at 08:19
sharabela posted:45656 posted:
You might say that setting a stop is an art; you need to make sure that your stop is set so that your trade can handle smaller jumps and drops in price while protecting you from losing your shirt if the market doesn’t go your way. A stop that’s too narrow may lead you to reenter the market, causing you to get stopped out again. That can cause more damage to your account balance than if you entered a stop that was too wide or if you had no stop at all.
A Stop Loss is to be set accordingly. A too wide Stop Loss may not be a good idea. It would get us more loss than profit. It means if we keep trading with such wide Stop Loss, we may not have good risk-reward. It would be an obstruction to be a consistent trader in the end.
Very true, you need to set your stop loss so it is a positive RR over a nice sample of trades. A trader who hits stops consistently more but has a better RR will be more successful than a person who has one stop hit and neg RR
Členem od Sep 15, 2021
9 příspěvků
Nov 19, 2021 at 13:05
What do you mean by a neg RR? RR cannot be negative. It can be less than 1? I assume that is what you mean but even if RR is less than 1 you can still make profit with a high win rate.
Členem od Aug 27, 2020
9 příspěvků
Nov 19, 2021 at 15:00
I got used to suppose that if you see that trading activity doesn't bring you profits more, then you have to take a break from it. Of course, some traders prefer to continue dump their deposits, nevertheless it's a very dangrous thing, because after a loss strick, traders often start making uncoscious actions on the market, which leads to more losses. It's just a statistics. If you understand that something went wrong, you would better stop trading for a couple of days, and then you can return to trading with a fresh head.
I use this rule and always try to comply with it, because all traders from time to time face such situations.
I use this rule and always try to comply with it, because all traders from time to time face such situations.
Členem od Jul 19, 2020
742 příspěvků
Nov 20, 2021 at 01:20
The trader has to be flexible with the market constantly. Money management can reduce the loss percentage. When the trader has a consistent loss, it is necessary to leave the trading stop for a while. Because if the market situation is bad, it is very difficult to make a profit.
Členem od Mar 28, 2021
586 příspěvků
Nov 20, 2021 at 07:51
Yes placing stop loss is an art. Most trader. Can't do it. Some people put stop loss by counting pips they don't look for support and resistance level. It's not the right way to place stop loss.
Členem od Nov 20, 2021
19 příspěvků
Nov 20, 2021 at 08:00
Stop loss must not too wide, I have seen many keeping 5% but I prefer to keep it to 2%. Risk differs from profile to profile.
Členem od Nov 02, 2020
31 příspěvků
Nov 20, 2021 at 08:11
If you are not able to make a consistency profit after many try, it is best to stop and take a break before you can trade again. Alternatively, it is quite useful to set the stop loss to minimize the losses if the trade is taking unexpected turn
Členem od Mar 17, 2021
494 příspěvků
Nov 21, 2021 at 19:01
skihav posted:
Those who want to work in trading should understand that this type of work is rather dangerous, because the excitement here can sometimes be higher than other emotions.
You need patience to achieve something from this market.
Členem od Jan 22, 2021
126 příspěvků
Nov 22, 2021 at 11:20
When your greed is eating up everything. Best way to cope up with this this factor is apply TP to your trade and SL too. You are safer on both sides.
Členem od Feb 20, 2021
77 příspěvků
Nov 25, 2021 at 04:59
Trading with greed can lead you to lose money and leave you broke. You will be praying that the market just goes back to where it was before so you can make your money back. But it never does. So always take your decisions wisely and stop trading when you feel it is not right for you anymore.
Členem od May 27, 2021
63 příspěvků
Nov 25, 2021 at 08:04
Becoming greedy in the forex market is very common as all the traders go through this stage. In fact, I'd say it's in human DNA. But without having strong control over your emotions, it won’t be possible to trade the market wisely. Many traders can control their greedy emotions and thus they become successful but there are also many traders who fail to control their greed and end up blowing their account.
Členem od Feb 08, 2019
200 příspěvků
Nov 25, 2021 at 20:13
It is an art. I sometimes will remove my SL when i know a big news event is coming
Členem od Nov 23, 2021
33 příspěvků
Dec 03, 2021 at 06:29
Many traders set a wide stop loss. They don’t realise that it doesn’t matter how much profit you want to take from a trade. Market doesn’t work according to anyone. A stop loss should be placed at a position after carefully analysing past trends and if there is any news that can push the price higher, then you should consider that too before making a final decision.
Členem od Jan 22, 2021
126 příspěvků
Dec 03, 2021 at 07:19
it depends on your risk figure, I keep it in between 2 - 5 ticks.
