Why is it easier hitting a Stop then a Limit???

BaldoN posted:
Perhaps, once T/P and S/L are placed - do not move it.
Or, if you be more satisfied when the price is coming to your T/P level, just close a half of the positions, take some profit and then move the Limit to another level :)

CrazyTrader posted:
If you are in demo
If your mind is upside down while trading, try for fun to reverse your psychology.

If your risk reward is 1:2 => do the opposite 2:1 so for example SL = 100 & TP = 50
Never touch your SL.
when trade isn't in your favor... reduce tp even below entry price for Long or above entry price for sell....when your initial SL level should have been hit.
This way while losing, you will try to exist with minimun loss with volatility.

After sometime, see how you feel.... isn't still easier to hit SL?

Aleixo1 posted:
The spread always makes it more likely that the stop loss will be hit then the take profit.

snapdragon1970 posted:
Hey Ben, that is normal for beginning traders ,here's a few tips: One way to lessen the doubt over limit is use the longer time frames and check the Fib levels/support /resistance you shouldn't really set a TP limit but have a set limit in your mind and watch the trade when it gets close to that level, I wouldn't really advise a trailing stop but its personal choice, cutting 3/4 of a position is normal practice,you should be more worried about it hitting your stop, protecting capital is key,that way you will make wiser trades and more profitable.

panovak2 posted:
I would highly recommend trading a demo account. It lets you learn without having to much emotion involved. My growth as a trader only really took place on demo because I was much more objective in my trades. Also under a demo account I would suggest doing a set and forget practice. That is where you identify a trade and let the trade play out without touching the TP or SL. It forces you to make better decisions and it teaches you how to handle your emotions. I did 300 trades like this and went back and analyzed the trades which gave me great insight into my strengths and weaknesses. I was less concerned with the outcome and more concerned about learning. Just my 2 cents.