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Importance of Stop Loss

vontogr (togr)
Nov 15 2018 at 14:36
4862 ieraksti
Well there are more way how to calculate stop loss. one of the popular is ATR

Astronautica
Nov 19 2018 at 11:18
10 ieraksti
I like the idea of using ATR to get SL and combining it with identifying TP. ATR is an under rated indicator.

AmDiab
Nov 19 2018 at 13:47
718 ieraksti
Astronautica posted:
I like the idea of using ATR to get SL and combining it with identifying TP. ATR is an under rated indicator.


Default settings of ATR? Or do you have any personal choice! Thanks in advance.

vontogr (togr)
Nov 20 2018 at 09:01
4862 ieraksti
AmDiab posted:
Astronautica posted:
I like the idea of using ATR to get SL and combining it with identifying TP. ATR is an under rated indicator.


Default settings of ATR? Or do you have any personal choice! Thanks in advance.


I have specifics setting, it can be used to calculate sl as well as tp.
100 sl one day is completely different than 100 sl other day.
100 pips movement can take 5 secs, min, hours :)

AniLorak
Nov 27 2018 at 08:11
920 ieraksti
togr posted:
AmDiab posted:
Astronautica posted:
I like the idea of using ATR to get SL and combining it with identifying TP. ATR is an under rated indicator.


Default settings of ATR? Or do you have any personal choice! Thanks in advance.


I have specifics setting, it can be used to calculate sl as well as tp.
100 sl one day is completely different than 100 sl other day.
100 pips movement can take 5 secs, min, hours :)


I always set my SL based on intraday support and resistant level; if my trade setup is very far from intraday support/resistant level; then I avoid this trade opportunity.

Imamul
Feb 20 2019 at 07:10
624 ieraksti
Reasons why most traders lose in my opinion is emotional making decision. You have to follow a trading plan or system with discipline, otherwise you aren’t allowing your edge to work for you. Without this then any form of trading in this regard is simply gambling. Since it can’t be reproduced reliability.

jamesgwyther
Feb 24 2019 at 08:19
289 ieraksti
A stop loss is vital. I can't believe anyone would trade without one!?!

walpants
Feb 24 2019 at 13:20
47 ieraksti
i will never trade without one again, i got stupid with my trading last year and thought i could manage a trade without one, quickly found out i couldn't, the mental game was insane i just couldn't bring myself to pull the plug on a loosing trade! ended up loosing the majority of my account.

Treeny
Feb 24 2019 at 13:50
173 ieraksti
Some pro traders claim they don't use a stop loss. I find this unbelievable.

Professional4X
Feb 24 2019 at 21:55
1189 ieraksti
Treeny posted:
Some pro traders claim they don't use a stop loss. I find this unbelievable.


It depends on what the strategy is actually. I say this, because there are some strategies where a trade stays open regardless of the loss or profit.

For example, if a trader opens multiple trades for EUR/USD, they might just hold the bad trades until the aggregate value of the trade basket indicates a profitability, and then close out the entire position of EUR/USD or whatever they happen to be trading.

In general however, real pro traders know the importance of money management, and the value of using a reasonable SL.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
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