Stop Loss
Členem od Aug 11, 2017
886 příspěvků
Sep 03, 2018 at 08:42
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.
Členem od Aug 30, 2018
25 příspěvků
Sep 03, 2018 at 08:50
so what is the matter. You did it good as well. There is no standard about good SL or bad SL. It depends technique you are using.
Pips are absolute aphrodisiac, so trade with your brain not your lust. Forex will always be the same.
Členem od Apr 13, 2018
22 příspěvků
Sep 05, 2018 at 10:53
SL standing based on the support/resistance levels is a nice option. The distance depends on the market volatility. Btw, my opinion: SL is using only for your patience. SL is a psyhological tool but is not a part of trading strategy.
Be in time
Členem od Apr 18, 2017
718 příspěvků
Sep 25, 2018 at 14:29
Good plan mate, I don’t think; it’s a good idea to trade with a fixed SL! I am also following the same way! I always set my SL/TP according to the market’s requirements.
Členem od Sep 20, 2018
9 příspěvků
Sep 26, 2018 at 07:39
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss
Členem od Aug 27, 2017
994 příspěvků
Sep 27, 2018 at 07:13
RichPort posted:
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss
I think, if your risk reward ratio is 2% then you can open 2-3 trades in a time so smoothly.
Členem od Apr 18, 2017
718 příspěvků
Sep 30, 2018 at 07:01
RichPort posted:
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss
Mate if you trading capital is too narrow like below 100$ than 50 pips SL would be costly, in this case traders can use cent type trading account.
Členem od Aug 27, 2017
994 příspěvků
Oct 07, 2018 at 05:55
AmDiab posted:RichPort posted:
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss
Mate if you trading capital is too narrow like below 100$ than 50 pips SL would be costly, in this case traders can use cent type trading account.
Yes, this type of trading account is very useful for the newbie! On the other hand, 50 pips SL is for only long term trading like swing trading, it’s not for short term trading at all.
Členem od Sep 12, 2018
6 příspěvků
Mar 29, 2019 at 11:06
It's best to choose S/L according to the market, allowing it room to fluctuate.
Členem od Feb 08, 2019
21 příspěvků
Mar 31, 2019 at 07:34
You should look for risk reward and always make sure its atleast 1:2
Členem od Apr 18, 2017
920 příspěvků
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.
Členem od Apr 18, 2017
920 příspěvků
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.
Členem od Apr 18, 2017
718 příspěvků
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.
Členem od Apr 18, 2017
920 příspěvků
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.
Členem od Aug 27, 2017
994 příspěvků
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.
Členem od Dec 09, 2016
49 příspěvků
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.
Členem od Apr 18, 2017
718 příspěvků
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?
Členem od Dec 09, 2016
49 příspěvků
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
Členem od Dec 18, 2018
47 příspěvků
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.
Členem od Apr 18, 2017
718 příspěvků
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.
