Stop Loss

Sep 03, 2018 at 08:42
Vistas 2,812
67 Replies
Miembro desde Aug 11, 2017   posts 886
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.
Miembro desde Aug 30, 2018   posts 25
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.
Miembro desde Apr 13, 2018   posts 22
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
Miembro desde Apr 18, 2017   posts 718
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.
Miembro desde Sep 20, 2018   posts 9
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
Miembro desde Aug 27, 2017   posts 994
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.
Miembro desde Apr 18, 2017   posts 718
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.
Miembro desde Aug 27, 2017   posts 994
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.
Miembro desde Sep 12, 2018   posts 6
Mar 29, 2019 at 11:06
It's best to choose S/L according to the market, allowing it room to fluctuate.
Miembro desde Feb 08, 2019   posts 21
Mar 31, 2019 at 07:34
You should look for risk reward and always make sure its atleast 1:2
Miembro desde Apr 18, 2017   posts 920
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.
Miembro desde Apr 18, 2017   posts 920
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.
Miembro desde Apr 18, 2017   posts 718
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.
Miembro desde Apr 18, 2017   posts 920
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.
Miembro desde Aug 27, 2017   posts 994
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.
Miembro desde Dec 09, 2016   posts 49
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.
Miembro desde Apr 18, 2017   posts 718
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?
Miembro desde Dec 09, 2016   posts 49
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
Miembro desde Dec 18, 2018   posts 47
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.
Miembro desde Apr 18, 2017   posts 718
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.
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