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Landakus
Oct 30 2020 at 10:31
23 příspěvků
There are those who never know when they should stop trading because the have their emotion out of check. They therefore want to make more trades and gain more money faster which is a sure way to make a lot of losses in a very short while. If you want to make it then you need to know when to stop. That is very important.

Wittonlord
Oct 30 2020 at 12:36
9 příspěvků
You know that you should stop when all you are doing is making losses. As much as everyone can join forex. It does not mean that anyone should join. If it is not working out for you then you need to know when to quit instead of taking a lot of time trading only for you to fail in the end.

Tony Pipsy (Kingace)
Oct 30 2020 at 13:41
41 příspěvků
TheGreatRecycler posted:
I set my stop loss at 20% of my equity. This is working really well for me, haven't had a losing trade all month


This can be achieved when you 'KNOW' the trend and you make sure you always trade with the trend

Tony Pipsy (Kingace)
Oct 30 2020 at 13:43
41 příspěvků
AmDiab posted:
fancydandy posted:
I have seen some comments stating that some random stop loss is a way. Never ever do a random stop loss because it is like randomly study a part of topic thinking it will surely coming in the exam while ignoring other, as a result, you get a poor grade. That is like with random SL. Randomly setting SL leads to potential loss.
So for me, I always put the SL based on the market conditions and risk management.


Good choice; same from me! I always set my SL & TP according to the position of nearest support & resistant levels;


This can also prove to be a wrong trading strategy these days, i mean take a look at Gold, price takes out any recent swing high or swing low before changing direction again

lovefortrading (perryjohn765)
Oct 31 2020 at 07:49
238 příspěvků
Stop loss is most important in order to save your account from getting blown out.

SteveHanks
Oct 18 at 11:25
446 příspěvků
Wittonlord posted:
You know that you should stop when all you are doing is making losses. As much as everyone can join forex. It does not mean that anyone should join. If it is not working out for you then you need to know when to quit instead of taking a lot of time trading only for you to fail in the end.

Yes. you are right.

reggae
Oct 19 at 07:58
61 příspěvků
Stop loss is an essential when it comes to forex trading, well generally all trading apply well.

ForexViking69 (ForexViking69)
Oct 19 at 10:01
29 příspěvků
It took me a while to stop chasing the losses. Now I have a set and forget mentality when executing trades. As long as I plan ahead set AL and TP I have no reason to be constantly eyeballing trades and worrying about making back the losses.

Seb King (sebking1986)
Oct 19 at 10:16
143 příspěvků
Aim for high probability trades based on your backtesting and forward testing and place the stop accordingly. Ensure the risk taken with this stop is always in line with your stategy (1-2% is normal). If everything is in line with your strategy which I assume turns a profit in theory then you have sufficient win rate and RR that the potential for a 1-2% loss won't impact you long term. Trading without a stop loss however is kamikaze.

If you can't spot the liquidity then you are the liquidity.
LarssonWilliams
Oct 19 at 11:14
10 příspěvků
I believe, there is nothing bad in taking a break or stop trading if you are facing continuous losses. If you don’t really enjoy the challenge of trading it may not be for you.

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