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Placing stop loss
Feb 08, 2021 at 06:11
UweMoench posted:
Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.
its not even that difficult, yes it does involve a couple of factors to consider like, the extent of loss you are willing to bear, what are the ongoing spreads, a stop loss should never be so tight that it gets no space to breath and even a slight movement in the price triggers the stop loss level.
The more your practice, the more you learn.
Mitglied seit Jul 20, 2020
286 Posts
Feb 09, 2021 at 02:18
Discipline cannot be maintained without stop loss. Therefore, every trader should use risk rewards to maintain risk.
Feb 12, 2021 at 11:32
Setting a stop loss is an integral part of successful trading. However I think it is ridiculous to set a stop loss of 10 pips because minor fluctuations can close our order. if we place a stop loss very near like 10 pips or 15 then a good order can be closed with a loss. I prefer to place a stop loss at least 30 pips away and usually place it from 30 to 80 pips depending upon the trading strategy.
Mitglied seit Jul 23, 2020
696 Posts
Feb 16, 2021 at 17:41
jeffreyreed posted:
Setting stop loss might seem difficult in the beginning. But when you start using it in all of your trades, it won’t feel so.
I think placing stop loss at right is hard especially for new traders. Support and resistance level play important factor regrading this matter.
Mitglied seit Sep 12, 2017
232 Posts
Feb 22, 2021 at 12:19
Yes the stop loss can actually save you from big losses.
Mitglied seit Dec 19, 2019
61 Posts
Feb 22, 2021 at 16:35
StopLoss is extremely important in forex trading especially if your a day Trader .Also you have to know how to manage risk if you want to be serious about your profession and if you want others to take you serious,I see some crazy risk management and none at all ,learn how forex orders are placed in the market ,typical chart can give you some clues for starters.
Happy hunting.
Happy hunting.
Strength and honor.
Mitglied seit Apr 04, 2018
9 Posts
Mar 17, 2021 at 10:49
The stop loss location is also critical to risk management. if you set a very wide stop loss then you will give your trade more time to "breath" but your potential losses could be huge
Mitglied seit Jan 11, 2019
140 Posts
Mar 17, 2021 at 13:07
Yes it is bit difficult to know where to place but it shud be done where the person thinks she/he can not lose more than this.
Mitglied seit Jan 11, 2019
140 Posts
Mar 18, 2021 at 15:30
Stop loss helps in reducing the losses
Mitglied seit Mar 16, 2021
447 Posts
Mar 19, 2021 at 01:48
This is my first post on this forum. I have been trading for a long time so I can express my opinion on this topic based on some experience. I usually try to place stop loss above or below the swing. In this trading style my losing ratio is low.
Mitglied seit Dec 19, 2019
61 Posts
Apr 18, 2021 at 10:58
Some pairs are more stable than others ,thats why its wise to trade 1 pair to begin with ,usually what we do is wait for large spikes placing stop loss instantly as spike happens,must be a larger spike than rest of the trend.Next 3 candles present themselves of possible direction,takes practice of reading the trend to place correct stops.
Strength and honor.
Apr 28, 2021 at 06:16
I will never understand traders who do not understand the importance of placing stop loss for their order. I can see why experienced traders sometimes do not do that, but beginner should seriously input their trading style and learn why stop loss is very important.
Mitglied seit Sep 12, 2017
232 Posts
May 03, 2021 at 12:10
it is indeed a very very imp feature. stop loss can save u going in big losses
