Believes.
Medlem sedan Jul 19, 2020
788 inlägg
Sep 25, 2020 at 01:09
If a trader trades emotionally, he will never succeed in trading. Stop Loss is an important part of trading. If a trader cannot set the stop loss properly, he will never be able to make a profit. If you give less stop loss in the Volatile market, it is more likely to hit. And in the impulsive market situation, if the stop loss is less, there is no problem and it is better to give the stop loss on the swing point.
Medlem sedan Jul 23, 2020
759 inlägg
Oct 18, 2020 at 17:18
AliaDare posted:Stop Loss is important to survive in the market. No one know when market will take your whole capital. So, it is better to be safe.
If a trader trades emotionally, he will never succeed in trading. Stop Loss is an important part of trading. If a trader cannot set the stop loss properly, he will never be able to make a profit. If you give less stop loss in the Volatile market, it is more likely to hit. And in the impulsive market situation, if the stop loss is less, there is no problem and it is better to give the stop loss on the swing point.
Medlem sedan Feb 23, 2021
330 inlägg
Apr 28, 2021 at 18:48
SofieAndreasen posted:When you are going to use stop loss, you need to have proper knowledge about it.AliaDare posted:Stop Loss is important to survive in the market. No one know when market will take your whole capital. So, it is better to be safe.
If a trader trades emotionally, he will never succeed in trading. Stop Loss is an important part of trading. If a trader cannot set the stop loss properly, he will never be able to make a profit. If you give less stop loss in the Volatile market, it is more likely to hit. And in the impulsive market situation, if the stop loss is less, there is no problem and it is better to give the stop loss on the swing point.
Medlem sedan Mar 16, 2021
477 inlägg
Apr 29, 2021 at 23:58
Every trader needs to be emotionally strong. It has happened to me that after placing a stop loss if the price moves closer to that stop-loss, the stop loss shifts, and the number of my loss increases.
Medlem sedan Dec 11, 2020
110 inlägg
Apr 30, 2021 at 06:20
Which is why it is important for them to realize the importance of being a disciplined trader.
Medlem sedan Apr 16, 2021
8 inlägg
Apr 30, 2021 at 08:25
I think that a trading plan really helps with discipline. Get a plan and it will give you a frame work to stick to and be discipined
Medlem sedan Jul 19, 2020
751 inlägg
May 01, 2021 at 13:16
@opportunitycalls Yes you are right. Plan with discipline is very important in forex trading. After making a plan, sticking to the plan is important. Most people can not do it.
Medlem sedan Jul 23, 2020
869 inlägg
May 01, 2021 at 16:43
BrantleyC posted:I also agree. Traders can manage the trade with true discipline.
Discipline is indeed very important. It keeps you organised and away from panic and stress as well.
Medlem sedan Mar 17, 2021
536 inlägg
May 21, 2021 at 17:53
opportunitycalls posted:Yes. You are right.
I think that a trading plan really helps with discipline. Get a plan and it will give you a frame work to stick to and be discipined
Medlem sedan Apr 01, 2020
231 inlägg
May 25, 2021 at 00:18
Discipline is very important and it always helps you to be a successful trader.
Medlem sedan Jul 19, 2020
788 inlägg
May 25, 2021 at 14:53
Yes, this is usually done by beginner traders. However, in many cases, many experienced traders do it. We need to control our mindset. If psychology is not maintained properly, it will be very difficult to make a profit.
Seb King (sebking1986)
Medlem sedan Apr 09, 2019
538 inlägg
Dec 17, 2021 at 13:43
The concept of a 'mental stop loss' isn't used by big institutions or banks, I can be sure of that! Greed leads to doing that and a complete lack of understanding of risk management.
If you can't spot the liquidity then you are the liquidity.
Medlem sedan Dec 14, 2021
28 inlägg
Dec 27, 2021 at 05:54
The primary purpose of stop loss is to cut the losses from getting bigger but there’s also another benefit of using it. Stop loss helps traders to exit the trade at the right time without letting their decisions be controlled by their emotions. If you’ve placed the stop loss very strategically then you shouldn’t not adjust it. Let the price move in whatever direction. There’s no use of putting a stop loss if you are going to change it every time according to your feelings.
Medlem sedan May 27, 2021
64 inlägg
Dec 27, 2021 at 09:57
You cant trade like a pro trader if you are not getting how to place the stop loss and where to place it.
Medlem sedan Jul 19, 2020
751 inlägg
Dec 28, 2021 at 03:33
Trading without stop-loss is possible for professional traders. But it is quite tough to trade without stop loss for the new traders.
Jan 12, 2022 at 10:15
Cordardred posted:
Stop loss should be used by all traders I guess. It doesn't matter whether you're skilled enough in trading or you just joined trading community. Those ones who trade without stop loss will definitely once face unpleasant consequences of their neglection of using stop loss. As for take profit, then here every trader has to decided by himself, because take profit restricts your potential income, while stop loss is much more important. In my opinion, the very first thing in risk management is the ability to set stop loss correctly. The perfect ratio is 3:1, tp/sl respectively. Complying with this ratio might restrict potential losses.
I am of the same opinion for stop loss usage but I do not think that there is a perfect ratio. The target and stop loss will depend on what the market provide. No point aiming for 200pips if the ATR is only 50pips
Jan 12, 2022 at 10:51
Cordardred posted:Yes, stoploss is the key to safe and successful trades.
Stop loss should be used by all traders I guess. It doesn't matter whether you're skilled enough in trading or you just joined trading community. Those ones who trade without stop loss will definitely once face unpleasant consequences of their neglection of using stop loss. As for take profit, then here every trader has to decided by himself, because take profit restricts your potential income, while stop loss is much more important. In my opinion, the very first thing in risk management is the ability to set stop loss correctly. The perfect ratio is 3:1, tp/sl respectively. Complying with this ratio might restrict potential losses.
