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Stop Loss and Take Profit
May 27 at 17:21
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1 Replies
Member Since May 27, 2025
2 posts
May 27 at 17:21
I've only been trading for about six months and learned the strategy in a trading club. The club recommends setting the stop loss at 1% of your account size and the take profit at 0.1%.
However, this ratio is becoming increasingly frustrating. While it does result in a very high hit rate, if a few trades go wrong, you feel like you'll never be able to recover.
How do you set your stop loss and take profit?
May 28 at 12:48
The club’s idea to lose 1% but only make 0.1% means you have to win almost every trade to make money - that’s really hard. I set stop loss where the market shows it makes sense like just below a support level or a bit beyond recent price move. I try to make profit at 1.5 to 2 times what I risk. So if I risk 1%, I aim to make 1.5% or 2%.
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