Stop loss is a killer if
Membre depuis Jul 14, 2020
posts 42
Jan 22, 2021 at 09:55
Rosstaylorr posted:Markets are so unpredictable that I would say they are an asset across all situations.philipsimmions posted:There are various types of stop losses which are offered by the broker. My broker Fxview has provided me with the trailing stop loss. In this condition no absolute value for the stop loss is set, it is a percentage of the value of the asset. In the long run, I have also invested in the cryptocurrency through XTB, stop loss becoming irrelevant. So stop loss is a very situational tool.
Stop loss is a little bit complicated but I don’t think we should completely ignore it, rather it should be studied first than saying it is good or bad.
Jan 22, 2021 at 10:32
Stop loss is a safety net or a backstop so to say, it should be put far enough for preventing a catstrophic event, such as the black swan of unpegging of the EURO and the CHF. Otherwise, everything should be implemented programmably or by constant monitoring of the trade.
Jan 22, 2021 at 10:55
philipsimmions posted:I immediately realized that there was in any way no stop loss that could have prevented losses arising from unpegging of Swiss Franc. Money management could have been one.Rosstaylorr posted:Markets are so unpredictable that I would say they are an asset across all situations.philipsimmions posted:There are various types of stop losses which are offered by the broker. My broker Fxview has provided me with the trailing stop loss. In this condition no absolute value for the stop loss is set, it is a percentage of the value of the asset. In the long run, I have also invested in the cryptocurrency through XTB, stop loss becoming irrelevant. So stop loss is a very situational tool.
Stop loss is a little bit complicated but I don’t think we should completely ignore it, rather it should be studied first than saying it is good or bad.
Membre depuis Jul 23, 2020
posts 869
May 07, 2021 at 17:21
lanayates posted:It is the most useful tool in trading. Never trade without setting SL.
That is right. But in the right situation, it can actually save a trader from any higher loss. Quite an effective tool, I’d say.
Membre depuis Jun 17, 2020
posts 6
Jun 11, 2021 at 05:04
That is right and I always advise my friends to be very careful with using stop loss. They should first learn it properly and then make use of it on their trading system. Wrong placement of sl can be very inimical to high profits.
Jun 11, 2021 at 13:57
since I stopped putting a stop loss my trading and mentality have been going up ....it could be place as an emergency measure way far from your trade but its not usually what gets me out of a trade ... market behavior and price action does
Let them decide then get along.
Membre depuis Jul 20, 2020
posts 399
Sep 08, 2021 at 07:00
Yes i agree you have to use a stop loss for sure. It forms the basis of your trading plan. You cant measure your successful trades if one losing one can wipe out your entire week's work. It is key to have set risk to reward so no matter what trade youre in you can have idea of what you will get and then create a large sample size to see if the strategy is profitable
HeavenLeighGill (HeavLeighGill26)
Membre depuis Aug 05, 2021
posts 401
Nov 05, 2021 at 14:42
I never trade without a SL, not willing to risk it.
Nov 07, 2021 at 23:32
Stop-loss is one feature where we can use it for learning how to trade, we can set up risk limit in every order use stop loss, and how to determine the entry point we can learn where the best price and times to make entry point but the stop loss distance in accordance the risk limit on the plan, here we trying to catch the entries on the crucial zone in reversal market.
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