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Stop Loss
Miembro desde Aug 30, 2018
posts 25
Sep 05, 2018 at 10:53
Miembro desde Apr 13, 2018
posts 22
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 Aug 27, 2017
posts 994
Sep 27, 2018 at 07:13
Miembro desde Aug 27, 2017
posts 994
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.
Sep 30, 2018 at 07:01
Miembro desde Apr 18, 2017
posts 718
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
Miembro desde Aug 27, 2017
posts 994
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.
Mar 31, 2019 at 08:28
Miembro desde Apr 18, 2017
posts 920
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.
Apr 28, 2019 at 10:57
Miembro desde Apr 18, 2017
posts 718
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.
Apr 29, 2019 at 18:56
Miembro desde Apr 18, 2017
posts 920
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 30, 2019 at 09:50
Miembro desde Apr 18, 2017
posts 718
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?
Jun 30, 2019 at 11:10
Miembro desde Dec 09, 2016
posts 49
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 06:53
Miembro desde Apr 18, 2017
posts 718
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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