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Placing stop loss

Scarymaniak
Feb 20 at 09:43
posts 28
Bunaya posted:
You should not risk trying trading without stop losses, this will definitely lead you to losses, especially if you have no experience and practice.

Maybe I should have to just hold my position a little longer for it to make through the depression phase. If I have put the stop losses then it would sell the security as soon as it falls before again skyrocketing. I think the risk is in both the cases.

deborahbennett
Feb 22 at 04:57
posts 23
Scarymaniak posted:
Bunaya posted:
You should not risk trying trading without stop losses, this will definitely lead you to losses, especially if you have no experience and practice.

Maybe I should have to just hold my position a little longer for it to make through the depression phase. If I have put the stop losses then it would sell the security as soon as it falls before again skyrocketing. I think the risk is in both the cases.

This is also true but you cannot risk your money on hope! Will it be worth it if the security does not rise then you will lose more money, but with the stop loss the loss won’t be unbearable.

Richarlison872
Feb 22 at 07:19
posts 26
I think the midway to this discussion can be using the stop loss at such a precision which marks the midway of the loss which you can suffer and the price of the security which can rise in the following days. This is the best method which you can use. For example a news is developing which can plunge the markets down but its effect will be short so you know it will rise. Therefore you can hold the security longer and have deep stop loss.

deborahbennett
Feb 22 at 10:11
posts 23
Richarlison872 posted:
I think the midway to this discussion can be using the stop loss at such a precision which marks the midway of the loss which you can suffer and the price of the security which can rise in the following days. This is the best method which you can use. For example a news is developing which can plunge the markets down but its effect will be short so you know it will rise. Therefore you can hold the security longer and have deep stop loss.

Ya there are many types of stop loss which are there such as the Trailing stop loss and Fixed stop loss, which can be used according to different market conditions. Some brokers like Fxview, Oanda, IG, IB etc. are flexible with the use of different kinds of stop losses.

Lee Baxter (bax699)
Feb 22 at 10:58
posts 27
stop loss under supply or demand - job done

lovefortrading (perryjohn765)
Feb 22 at 12:19
posts 238
Yes the stop loss can actually save you from big losses.

Marketmultitool
Feb 22 at 16:35
posts 69
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.

eekpillar
Mar 17 at 10:18
posts 24
The right knowledge of where to place the stop loss can be a lifesaver for a lot of traders.

Fight4noob
Mar 17 at 10:49
posts 10
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

UweMoench
Mar 17 at 12:47
posts 637
Setting up an stop loss is an art. You need to have a good idea of support and resistance. And how price work in support and resistance area. Focus on increase your knowledge and skills. Slowly you won't keep checking the chart.

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