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When to stop.

DenverRRR
Oct 19 2021 at 12:21
7 posts
Oh it is hard to say when stop. If you are loosing a lot and think about stop then stop. After first think.
Flong
Oct 19 2021 at 18:54
15 posts
You should stop as soon as you start understand that you can't handle your emotions and you have lack of skills and experience to continue further trading activity. I believe that the best time to stop trading activity is when you lack of resources and you're burned out. You shouldn't stop trading activity forever, but you should take a break for a while. Of course, it sometimes can be difficult to give up something that you got used to do, however it's the only way to avoid further unpleasant consequences. So, you can return to trading activity after a break and it will be a great come back I guess.
Anayadora
Oct 19 2021 at 19:19
17 posts
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.
RobSchiz
Oct 20 2021 at 20:25
567 posts
Anayadora posted:
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.
Stop loss is very important for the new traders.
GraceGilm
Oct 21 2021 at 15:16
154 posts
RobSchiz posted:
Anayadora posted:
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.
Stop loss is very important for the new traders.
and not only for beginners
Tradextol
Oct 26 2021 at 04:02
57 posts
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.
skihav
Oct 26 2021 at 12:57
801 posts
Stopping in time is not an easy task for a trader. As for me, this really requires a certain level of skills and knowledge, as well as control over oneself.
billysnyder
Oct 28 2021 at 04:52
111 posts
Setting stop loss in trades is very important. If you are not following it, the chances of losing money will be high. You should not enter a trade without setting the stop loss.
Willowerno
Oct 29 2021 at 05:48
38 posts
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.
jonathandaniel
Nov 01 2021 at 06:08
53 posts
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.
sharabela
Nov 01 2021 at 06:50
123 posts
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.
patriciablack
Nov 02 2021 at 05:09
24 posts
All traders need to know when they can be satisfied with their results. It would be best if you had the patience to wait for the right time to get out of a set of trades.
davegordon
Nov 19 2021 at 06:47
23 posts
It is really a task to find the right place to put a stop loss. It should not be placed randomly anywhere as by doing that traders may block their chances of making profits. I prefer to put a stop loss below a swing low while buying and above a swing high while selling.

CraigMcG2020
Nov 19 2021 at 08:19
385 posts
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
croisssan
Nov 19 2021 at 13:03
939 posts
It's important to feel it. Moreover, it is really important for a trader, because it is possible to get a positive result in this industry in this way.
pigeontrader
Nov 19 2021 at 13:05
9 posts
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.
6erHoll
Nov 19 2021 at 15:00
9 posts
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.
AliaDare
Nov 20 2021 at 01:20
788 posts
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.
Akasuki
Nov 20 2021 at 07:51
566 posts
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.
Lethab_Mpho
Nov 20 2021 at 08:00
19 posts
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.
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