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When to stop.

45656
Sep 22 2019 at 07:12
posts 65
You might say that setting a stop is an art; you need to make sure that your stop is set so that your trade can handle smaller jumps and drops in price while protecting you from losing your shirt if the market doesn’t go your way. A stop that’s too narrow may lead you to reenter the market, causing you to get stopped out again. That can cause more damage to your account balance than if you entered a stop that was too wide or if you had no stop at all.

Nasrul Md Noor (Nasrul_Swing)
Sep 22 2019 at 07:15
posts 137
It depends on your strategy. Either to cut earlier or let broker stop your trade.

Jaga Modal & Kekal Profit Selalu.
Peter Kimber (profitBottle)
Sep 23 2019 at 08:37
posts 32
45656 posted:
You might say that setting a stop is an art; you need to make sure that your stop is set so that your trade can handle smaller jumps and drops in price while protecting you from losing your shirt if the market doesn’t go your way. A stop that’s too narrow may lead you to reenter the market, causing you to get stopped out again. That can cause more damage to your account balance than if you entered a stop that was too wide or if you had no stop at all.

It is rather an ordered art. Setting a stop level is part of your money management and the level of risk depends on it. That is, this level must be accurately calculated and established according to market conditions and based on the specifics of the tools that you use.

blackbridge
Sep 23 2019 at 11:08
posts 10
Market conditions dictate everything for me. Stop loss, take profit and hence risk reward. There is no point using a tight stop loss because you 'Want to', if the market is highly volatile then it will blow through your stop loss. Let the market decide and it will reward you

Adribaasmet
Sep 23 2019 at 14:29
posts 947
blackbridge posted:
Market conditions dictate everything for me. Stop loss, take profit and hence risk reward. There is no point using a tight stop loss because you 'Want to', if the market is highly volatile then it will blow through your stop loss. Let the market decide and it will reward you


Good decision; even I always avoid tight stop loss; a logical stop loss is much meaningful instead of tight SL.

jakes90
Sep 24 2019 at 09:46
posts 22
Don’t just put random stop loss. This should be set after you have studied the markets, tested your alternative plans according to that.

Samuelkoi
Sep 25 2019 at 08:41
posts 24
the stoploss level should be choosed by analysis of the chart but remember that you sould keep a smart risk ratio of your loss and profit. Use any tools that help detect supports and resistances and set stoploss according to these levels because the market always moves in levels range.

Professional4X
Sep 25 2019 at 09:29
posts 1189
ATR[D1] / 3 = SL

This formula allows your SL to not exceed the daily ATR by 1/3, if you have to let your trade continue going bad, then you aren't minimizing your risk.

As yourself this. Would you rather close out a ticket with a -30 pip stoploss or with a -300 pip stoploss?

Anyone who allows a bad ticket to run -300 pips against the account or worse, simply isn't using realistic risk management.

Letting a bad ticket run is a horrible idea.

It's no Big DEAL if you closed out the ticket with -30 pips, don't just immediately create a new ticket, wait for the next high probability trade setup to manifest in the markets. THEN trade.
Bad trades happen, everyone gets them. Minimizing the risk to the account is the highest priority. Protect the investment capital at all times.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Sep 25 2019 at 09:33
posts 1189
You could also just as easily calculate out a reasonable TAKEPROFIT this way as well.

ATR[D1] / 2 = TP

This formula provides you takeprofit of 1/2 the daily ATR.

If your daily ATR = 100, then this would give you a TP of 50 pips, and an SL of 33 pips, using the previously discussed forumla.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
TheGreatRecycler
Sep 25 2019 at 09:58
posts 10
I set my stop loss at 20% of my equity. This is working really well for me, haven't had a losing trade all month

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