When to stop.

Sep 22, 2019 at 07:12
2,853 Views
61 Replies
Member Since Mar 17, 2021   536 posts
Dec 03, 2021 at 08:52
kroxobor posted:
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.
I agree with you.
Member Since Sep 10, 2020   11 posts
Dec 04, 2021 at 15:42
Actually, to my mind, you have to stop when you need to stop.
If you see that market tries to elimate you as a trader, then probably it's right time to stop, because your further moves can be very dangerous.
Traders don't like when other traders turn trading activity into gambling, when you have a lots of losses, then you start to open positions without any idea why you open it, just because you want to give your money back.
It's better to stop, rather than continue in this situation.
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