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Stop loss is a killer if
Členom od Jul 19, 2020
749 príspevkov
Oct 11, 2020 at 14:24
Stop loss is a killer if you do not use it properly. You should risk reward ratio of your strategy. In ranging market it seems price comes back again. But if the market trend for long and if you against the trend you will eventually get the margin call.
Členom od Jul 19, 2020
742 príspevkov
Oct 12, 2020 at 01:14
Context is an important part of the Forex market. It is very difficult to make a profit from trading if you have no idea about the market context. Whether the market is in trendy momentum or volatile momentum can be understood by market context. Protects stop-loss trading. Risk cannot be maintained without stop loss.
Členom od May 13, 2020
119 príspevkov
Oct 12, 2020 at 06:55
You are absolutely right, no profitable trading will work if you do not understand what it is.
Členom od Jul 20, 2020
172 príspevkov
Oct 18, 2020 at 21:37
Yes, you are right. If you don't use the stop loss properly, you can face a big loss.
Členom od Jun 10, 2020
35 príspevkov
Oct 19, 2020 at 11:10
Like everything else in trading, you got to understand where to place stop loss.
Členom od Jul 23, 2020
816 príspevkov
Nov 09, 2020 at 15:55
barbarawright posted:
Like everything else in trading, you got to understand where to place stop loss.
Support and resistance level are the main aspect of stop loss. So, learn about those two first.
Členom od Jul 19, 2020
742 príspevkov
Nov 10, 2020 at 00:54
Of course, you're right, if you don't know what you're doing then I don't know how to make a profit.
Členom od Jul 19, 2020
310 príspevkov
Nov 10, 2020 at 11:58
Yes I agree with you. Many traders put stop loss by counting pips. But that's not a good idea to place stop loss. To place stop loss we need to good knowledge about support and resistance.
Členom od Jun 30, 2020
89 príspevkov
Nov 30, 2020 at 10:13
Correct and reasonable application of it is really the result that you expect and will help to avoid many risks.
Členom od Sep 19, 2019
14 príspevkov
Dec 01, 2020 at 13:33
The use of stop losses is highly dependent on the method of market analysis and trading. The stop loss level can be determined using technical analysis methods (levels, patterns, etc), as well as the maximum risk that the trader is able to accept in case of loss. Stop loss is not a killer if market conditions have been analyzed correctly.
Do not be greedy and invest in your business as much as you can.
Členom od Aug 11, 2017
870 príspevkov
Dec 03, 2020 at 03:10
Loss is an inevitable part of trading there is nobody who can avoid it completely; mostly loss occurs due to lack of exact money management plan as well non-skill trading knowledge. So, for avoiding loss we have to focus on there.
Členom od Oct 01, 2020
27 príspevkov
Jan 19, 2021 at 06:16
I think the stop is utterly useless because for me I am a day trader with a very short trading span. A borderline scalper if you say so because stop loss will make you secure but ruin your profits. It is the basics of the market that risk is involved.
Členom od Nov 05, 2020
16 príspevkov
Jan 19, 2021 at 08:12
Darrensmith posted:
I think the stop is utterly useless because for me I am a day trader with a very short trading span. A borderline scalper if you say so because stop loss will make you secure but ruin your profits. It is the basics of the market that risk is involved.
Many traders have survived market crashes and wrong decisions through stop loss. People generally tend to look at the negative sides first rather than the positive ones. If you think sl has endless possibility to ruin profits then you can lower the stop loss percentage. For example through my broker Fxview I have made the stop loss only 5 percent of the original price; it is simple. When I was holding a forex pair on a particular day the value of the base currency fell tremendously. The stop loss saved me from losing literally all of my capital because it traded the currency at just 5 percent of the negative value. Same percentage of sl now I follow across all my trading accounts which include fxtm as well.
Členom od Dec 28, 2013
160 príspevkov
Jan 22, 2021 at 10:32
Stop loss is a safety net or a backstop so to say, it should be put far enough for preventing a catstrophic event, such as the black swan of unpegging of the EURO and the CHF. Otherwise, everything should be implemented programmably or by constant monitoring of the trade.
Členom od Oct 20, 2018
283 príspevkov
Jan 26, 2021 at 21:02
In short - SL is a must but you must know how to use it properly.
momchil_slavov@
Členom od Dec 15, 2020
11 príspevkov
Feb 20, 2021 at 04:50
That is right. But in the right situation, it can actually save a trader from any higher loss. Quite an effective tool, I’d say.
Členom od Jul 23, 2020
816 príspevkov
May 07, 2021 at 17:21
lanayates posted:
That is right. But in the right situation, it can actually save a trader from any higher loss. Quite an effective tool, I’d say.
It is the most useful tool in trading. Never trade without setting SL.
Členom od Jun 17, 2020
6 príspevkov
Jun 11, 2021 at 05:04
That is right and I always advise my friends to be very careful with using stop loss. They should first learn it properly and then make use of it on their trading system. Wrong placement of sl can be very inimical to high profits.
Členom od Apr 13, 2021
5 príspevkov
Jun 11, 2021 at 13:57
since I stopped putting a stop loss my trading and mentality have been going up ....it could be place as an emergency measure way far from your trade but its not usually what gets me out of a trade ... market behavior and price action does
Let them decide then get along.
Členom od Jul 20, 2020
385 príspevkov
Sep 08, 2021 at 07:00
Yes i agree you have to use a stop loss for sure. It forms the basis of your trading plan. You cant measure your successful trades if one losing one can wipe out your entire week's work. It is key to have set risk to reward so no matter what trade youre in you can have idea of what you will get and then create a large sample size to see if the strategy is profitable
