Stop Loss
Členem od Apr 18, 2017
920 příspěvků
Jan 03, 2020 at 14:19
ForexViking69 posted:
I calculate stop losses visually as per beginning of this thread, dependant on pairs I’ve learned how much to leverage and lot size. You can get an estimate for how much pairs like to move visually like on EURUSD where the markets can fluctuate like a yo-yo. I came to my estimates through trial and error when first starting :)
That’s great; by the way, what’s your trading style? Short-term or long term?
Členem od Jul 23, 2020
759 příspěvků
Aug 30, 2020 at 15:24
I usually set my SL according the support and resistance and TP according the risk reward ratio. However, I never take more than 2% risk in a single trade.
Členem od Aug 28, 2020
15 příspěvků
Aug 31, 2020 at 07:01
Stop loss is a good way to limit losses. I also make use of it, but how often, that depends on my strategies and market conditions.
Členem od Jul 19, 2020
298 příspěvků
Aug 31, 2020 at 07:28
Stop loss should be based on your strategy. You also need to consider support and resistance level to put stop loss. Sometimes a little bit bad calculation can get you hit your stop loss. You need to be smart.
Členem od Jul 27, 2020
102 příspěvků
Aug 31, 2020 at 08:00
Michihito posted:Agree. Stop loss is a good strategy that should be implemented in your trading. Never avoid it.
Stop loss should be based on your strategy. You also need to consider support and resistance level to put stop loss. Sometimes a little bit bad calculation can get you hit your stop loss. You need to be smart.
Členem od Jul 23, 2020
869 příspěvků
Oct 08, 2020 at 21:16
Michihito posted:You are right. Support and resistance level is important to identify proper stop loss.
Stop loss should be based on your strategy. You also need to consider support and resistance level to put stop loss. Sometimes a little bit bad calculation can get you hit your stop loss. You need to be smart.
Členem od Jun 23, 2020
34 příspěvků
Oct 09, 2020 at 11:00
It’s a great way of ensuring that you don’t lose what you can’t afford to. Never forget to use Stop/loss when trading.
Členem od Apr 18, 2020
54 příspěvků
Oct 23, 2020 at 06:39
Stop loss is good to limit losses, but at the end it depends on your strategy too, whether you should use SL or not.
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