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Stop Loss
Участник с Aug 11, 2017
886 комментариев
Sep 03, 2018 at 08:42
Участник с Aug 11, 2017
886 комментариев
Stop loss is very much important tool; but I don’t have any fixed number with this tool. In my live trading, I always set my SL based on the distance between support & resistant levels.
Участник с Aug 30, 2018
25 комментариев
Sep 03, 2018 at 08:50
Участник с Aug 30, 2018
25 комментариев
so what is the matter. You did it good as well. There is no standard about good SL or bad SL. It depends technique you are using.
Pips are absolute aphrodisiac, so trade with your brain not your lust. Forex will always be the same.
Участник с Apr 13, 2018
22 комментариев
Sep 05, 2018 at 10:53
Участник с Apr 13, 2018
22 комментариев
SL standing based on the support/resistance levels is a nice option. The distance depends on the market volatility. Btw, my opinion: SL is using only for your patience. SL is a psyhological tool but is not a part of trading strategy.
Be in time
Участник с Apr 18, 2017
718 комментариев
Sep 25, 2018 at 14:29
Участник с Apr 18, 2017
718 комментариев
Good plan mate, I don’t think; it’s a good idea to trade with a fixed SL! I am also following the same way! I always set my SL/TP according to the market’s requirements.
Участник с Sep 20, 2018
9 комментариев
Sep 26, 2018 at 07:39
Участник с Sep 20, 2018
9 комментариев
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss
Участник с Aug 27, 2017
994 комментариев
Sep 27, 2018 at 07:13
Участник с Aug 27, 2017
994 комментариев
RichPort posted:
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss
I think, if your risk reward ratio is 2% then you can open 2-3 trades in a time so smoothly.
Участник с Apr 18, 2017
718 комментариев
Sep 30, 2018 at 07:01
Участник с Apr 18, 2017
718 комментариев
RichPort posted:
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss
Mate if you trading capital is too narrow like below 100$ than 50 pips SL would be costly, in this case traders can use cent type trading account.
Участник с Aug 27, 2017
994 комментариев
Oct 07, 2018 at 05:55
Участник с Aug 27, 2017
994 комментариев
AmDiab posted:RichPort posted:
But what if you use a lot size of say 0.1 Lot and the stop loss is like 50 pips? Do you take that or wait for another trade? I worry about risk reward and drawdown with big stop loss
Mate if you trading capital is too narrow like below 100$ than 50 pips SL would be costly, in this case traders can use cent type trading account.
Yes, this type of trading account is very useful for the newbie! On the other hand, 50 pips SL is for only long term trading like swing trading, it’s not for short term trading at all.
Участник с Sep 12, 2018
6 комментариев
Mar 29, 2019 at 11:06
Участник с Sep 12, 2018
6 комментариев
It's best to choose S/L according to the market, allowing it room to fluctuate.
Участник с Feb 08, 2019
21 комментариев
Mar 31, 2019 at 07:34
Участник с Feb 08, 2019
21 комментариев
You should look for risk reward and always make sure its atleast 1:2
Участник с Apr 18, 2017
920 комментариев
Mar 31, 2019 at 08:28
Участник с Apr 18, 2017
920 комментариев
Mohammadi posted:
Stop loss is very much important tool; but I don’t have any fixed number with this tool. In my live trading, I always set my SL based on the distance between support & resistant levels.
You are with a perfect plan; having a fixed SL target is meaningless since, we traders need to set the SL according to the market context; not anything else.
Участник с Apr 18, 2017
920 комментариев
Mar 31, 2019 at 10:07
Участник с Apr 18, 2017
920 комментариев
CRPA9 posted:
You should look for risk reward and always make sure its atleast 1:2
Exactly; it’s good consideration; in addition, traders shouldn't expect here any unrealistic profit.
Участник с Apr 18, 2017
718 комментариев
Apr 28, 2019 at 10:57
Участник с Apr 18, 2017
718 комментариев
AniLorak posted:CRPA9 posted:
You should look for risk reward and always make sure its atleast 1:2
Exactly; it’s good consideration; in addition, traders shouldn't expect here any unrealistic profit.
Basically; greed traders expect unrealistic profit here! On the other hand, successful traders set their trading targets according to their real time experience.
Участник с Apr 18, 2017
920 комментариев
Apr 29, 2019 at 18:56
Участник с Apr 18, 2017
920 комментариев
AmDiab posted:AniLorak posted:CRPA9 posted:
You should look for risk reward and always make sure its atleast 1:2
Exactly; it’s good consideration; in addition, traders shouldn't expect here any unrealistic profit.
Basically; greed traders expect unrealistic profit here! On the other hand, successful traders set their trading targets according to their real time experience.
In addition; end of the day greedy traders lose their everything; since they have no plan here without money making.
Участник с Aug 27, 2017
994 комментариев
Jun 29, 2019 at 08:13
Участник с Aug 27, 2017
994 комментариев
Money management is the key; without proper money management there is no way to exist here in a long run.
Участник с Dec 09, 2016
49 комментариев
Jun 30, 2019 at 07:11
Участник с Dec 09, 2016
49 комментариев
Don not use leverage, that way stop loss become much less important.... So you can start focus on your actual trading strategy instead of worrying about losses.
Участник с Apr 18, 2017
718 комментариев
Jun 30, 2019 at 09:50
Участник с Apr 18, 2017
718 комментариев
Gabor33 posted:
Don not use leverage, that way stop loss become much less important.... So you can start focus on your actual trading strategy instead of worrying about losses.
So you are make dealing with 0 leverage? Or using the small amount?
Участник с Dec 09, 2016
49 комментариев
Jun 30, 2019 at 11:10
Участник с Dec 09, 2016
49 комментариев
AmDiab posted:Gabor33 posted:
Don not use leverage, that way stop loss become much less important.... So you can start focus on your actual trading strategy instead of worrying about losses.
So you are make dealing with 0 leverage? Or using the small amount?
1:3 maximum
Участник с Dec 18, 2018
47 комментариев
Jul 01, 2019 at 06:01
Участник с Dec 18, 2018
47 комментариев
A stop loss is very important for fund security. A stop-loss order is developed to reduce a trader's loss on a position in a security. A stop-loss order eliminates emotions that can impact trading decisions.
Участник с Apr 18, 2017
718 комментариев
Jul 01, 2019 at 06:53
Участник с Apr 18, 2017
718 комментариев
frankmartin1 posted:
A stop loss is very important for fund security. A stop-loss order is developed to reduce a trader's loss on a position in a security. A stop-loss order eliminates emotions that can impact trading decisions.
No doubt on the value of SL; but we traders need to set the SL according to the market’s situations instead of our own choice! That’s the Moto of SL.
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