Apr 29 2022 at 08:05
You know I was taught to set a stop loss by many 'pro' traders on courses.
But over the years and with thousands and thousands of hours of testing I've discovered that a stop loss is actually a pretty poor way to exit trades for many reasons.
Exiting on indicators is a far more effective way and clearer signal to exit a position than an arbitrary point on the chart defined by a stop loss.
That's my experience anyway.
But over the years and with thousands and thousands of hours of testing I've discovered that a stop loss is actually a pretty poor way to exit trades for many reasons.
Exiting on indicators is a far more effective way and clearer signal to exit a position than an arbitrary point on the chart defined by a stop loss.
That's my experience anyway.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Very well written! There are a lot of benefits to them, and I'm glad someone is talking about them.
May 05 2022 at 06:46
Nicely pointed out. Stop loss is indeed very important for successful trading. Stop loss helps in the protection of your money from losses.
May 23 2022 at 02:17
thats very important
1. It enables you to effectively manage your finances.
2. There are no spikes to be concerned about.
3. It enables you to increase your profit.
4. Allows you to keep track of and regulate your drawdown.
5. It allows you to plan ahead and estimate how much money you'll lose.
6. It allows you to take fewer risks while gaining more.
7. It gives you the ability to manage your emotions.
2. There are no spikes to be concerned about.
3. It enables you to increase your profit.
4. Allows you to keep track of and regulate your drawdown.
5. It allows you to plan ahead and estimate how much money you'll lose.
6. It allows you to take fewer risks while gaining more.
7. It gives you the ability to manage your emotions.
A stop loss is a lifejacket. They not only prevent you from losing trades, but help you cultivate good risk management strategies, which are an important part of being a trader. All traders, especially new ones, should use stop losses to minimise their losses and maximise profits. .
Briosody posted:I couldn’t agree more. Stop-loss prevents unnecessary losses. And if the right money management strategy is used along with stop loss it can also help in maximising the profits.
A stop loss is a lifejacket. They not only prevent you from losing trades, but help you cultivate good risk management strategies, which are an important part of being a trader. All traders, especially new ones, should use stop losses to minimise their losses and maximise profits. .
Aug 03 2022 at 06:45
Zootaxy posted:
1. It enables you to effectively manage your finances.
2. There are no spikes to be concerned about.
3. It enables you to increase your profit.
4. Allows you to keep track of and regulate your drawdown.
5. It allows you to plan ahead and estimate how much money you'll lose.
6. It allows you to take fewer risks while gaining more.
7. It gives you the ability to manage your emotions.
Thanks for this info. Well said mate.
These are great pointers. I’d also like to add a few more:
1. it can help to lock in profits if the market moves in your favor.
2. It can help to provide discipline in your trading.
3. It can help to save you time and money.
1. it can help to lock in profits if the market moves in your favor.
2. It can help to provide discipline in your trading.
3. It can help to save you time and money.
I can share some of the advantages that have helped me personally. First, I am able to control and make good profits. I can develop appropriate strategies.
Stop losses are essential for trading perfectly. Many advanced traders don’t use it in their strategy, so it becomes optional but recommended. Using stop loss orders prevents emotions from playing with us the wrong way.
Oct 06 2022 at 11:45
Maximum traders trade haphazardly without following any risk management and money management policy and it’s not a good thing for trading they should know.
Oct 09 2022 at 11:00
Making a strategy is the result of persistence, perseverance and hard work. At last, try to select a good trading broker for better trading environment.
Oct 11 2022 at 09:44
Stop loss is an important tool for every trader. A stop-loss is intended to restrict a trader's loss on an unfavourable move in a pair position. One significant advantage of employing a stop-loss order is that you do not have to constantly check your holdings. A drawback is that a short-term price change could trigger the stop and cause a wasteful sale, when you could have manually monitored and held the pair for a profit.
Oct 12 2022 at 10:56
Oh I would say some other information.
1 disadvantage of using stop loss:
1. It almost always catches losses, even if they are insignificant lol. 😄😄
1 disadvantage of using stop loss:
1. It almost always catches losses, even if they are insignificant lol. 😄😄
One of the biggest benefits of stop loss in forex trading is that it allows you to avoid losing your entire investment. You can only risk the amount you put into your account. By placing a limit on how much you are willing to lose, you ensure that you won't lose everything in one trade.
Stop losses are highly beneficial, but every good thing has something bad in it too. Price gaps are one downside of the stop-loss order. The order would be triggered if the currency pair price suddenly dropped below (or rose above) the stop price. Even if the pair is trading far away from your stop loss level, it will be sold (or bought) at the next available price.
Jan 08 at 09:36
I appreciate price action trading. Some traders believe price action trading turns a trader rich quickly but I don’t appreciate such belief.
Jan 08 at 21:33
Stop loss is still used many traders to manage the risk in trading, however, there are some traders maybe dare to work without stop loss because they have a reason stop loss is just the cause of loss, in my day trading with FXOpen always use stop loss when open single trade and often work based simple trading support resistance
Jan 09 at 05:52
Not many people around the world are in profit because if you run a survey, you will see that maximum traders are habituated to committing mistakes but not deriving lessons from them.
