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Stop Loss
Členom od Apr 18, 2017
700 príspevkov
Jan 03, 2020 at 14:19
ForexViking69 posted:
I calculate stop losses visually as per beginning of this thread, dependant on pairs I’ve learned how much to leverage and lot size. You can get an estimate for how much pairs like to move visually like on EURUSD where the markets can fluctuate like a yo-yo. I came to my estimates through trial and error when first starting :)
That’s great; by the way, what’s your trading style? Short-term or long term?
Členom od Jul 23, 2020
696 príspevkov
Aug 30, 2020 at 15:24
I usually set my SL according the support and resistance and TP according the risk reward ratio. However, I never take more than 2% risk in a single trade.
Členom od Aug 28, 2020
14 príspevkov
Aug 31, 2020 at 07:01
Stop loss is a good way to limit losses. I also make use of it, but how often, that depends on my strategies and market conditions.
Členom od Jul 19, 2020
310 príspevkov
Aug 31, 2020 at 07:28
Stop loss should be based on your strategy. You also need to consider support and resistance level to put stop loss. Sometimes a little bit bad calculation can get you hit your stop loss. You need to be smart.
Členom od Jul 27, 2020
99 príspevkov
Aug 31, 2020 at 08:00
Michihito posted:
Stop loss should be based on your strategy. You also need to consider support and resistance level to put stop loss. Sometimes a little bit bad calculation can get you hit your stop loss. You need to be smart.
Agree. Stop loss is a good strategy that should be implemented in your trading. Never avoid it.
Členom od Jul 23, 2020
816 príspevkov
Oct 08, 2020 at 21:16
Michihito posted:
Stop loss should be based on your strategy. You also need to consider support and resistance level to put stop loss. Sometimes a little bit bad calculation can get you hit your stop loss. You need to be smart.
You are right. Support and resistance level is important to identify proper stop loss.
Členom od Jun 23, 2020
32 príspevkov
Oct 09, 2020 at 11:00
It’s a great way of ensuring that you don’t lose what you can’t afford to. Never forget to use Stop/loss when trading.
Členom od Apr 18, 2020
55 príspevkov
Oct 23, 2020 at 06:39
Stop loss is good to limit losses, but at the end it depends on your strategy too, whether you should use SL or not.
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