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Stop Loss
Medlem sedan Aug 11, 2017
886 inlägg
Sep 03, 2018 at 08:42
Medlem sedan Aug 11, 2017
886 inlägg
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.
Medlem sedan Aug 30, 2018
25 inlägg
Sep 03, 2018 at 08:50
Medlem sedan Aug 30, 2018
25 inlägg
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.
Sep 05, 2018 at 10:53
Medlem sedan Apr 13, 2018
22 inlägg
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
Medlem sedan Apr 18, 2017
718 inlägg
Sep 25, 2018 at 14:29
Medlem sedan Apr 18, 2017
718 inlägg
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.
Sep 26, 2018 at 07:39
Medlem sedan Sep 20, 2018
9 inlägg
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
Medlem sedan Aug 27, 2017
994 inlägg
Sep 27, 2018 at 07:13
Medlem sedan Aug 27, 2017
994 inlägg
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.
Medlem sedan Apr 18, 2017
718 inlägg
Sep 30, 2018 at 07:01
Medlem sedan Apr 18, 2017
718 inlägg
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.
Medlem sedan Aug 27, 2017
994 inlägg
Oct 07, 2018 at 05:55
Medlem sedan Aug 27, 2017
994 inlägg
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.
Mar 29, 2019 at 11:06
Medlem sedan Sep 12, 2018
6 inlägg
It's best to choose S/L according to the market, allowing it room to fluctuate.
Mar 31, 2019 at 07:34
Medlem sedan Feb 08, 2019
21 inlägg
You should look for risk reward and always make sure its atleast 1:2
Medlem sedan Apr 18, 2017
920 inlägg
Mar 31, 2019 at 08:28
Medlem sedan Apr 18, 2017
920 inlägg
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.
Medlem sedan Apr 18, 2017
920 inlägg
Mar 31, 2019 at 10:07
Medlem sedan Apr 18, 2017
920 inlägg
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.
Medlem sedan Apr 18, 2017
718 inlägg
Apr 28, 2019 at 10:57
Medlem sedan Apr 18, 2017
718 inlägg
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.
Medlem sedan Apr 18, 2017
920 inlägg
Apr 29, 2019 at 18:56
Medlem sedan Apr 18, 2017
920 inlägg
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.
Medlem sedan Aug 27, 2017
994 inlägg
Jun 29, 2019 at 08:13
Medlem sedan Aug 27, 2017
994 inlägg
Money management is the key; without proper money management there is no way to exist here in a long run.
Jun 30, 2019 at 07:11
Medlem sedan Dec 09, 2016
49 inlägg
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.
Medlem sedan Apr 18, 2017
718 inlägg
Jun 30, 2019 at 09:50
Medlem sedan Apr 18, 2017
718 inlägg
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?
Jun 30, 2019 at 11:10
Medlem sedan Dec 09, 2016
49 inlägg
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
Medlem sedan Dec 18, 2018
47 inlägg
Jul 01, 2019 at 06:01
Medlem sedan Dec 18, 2018
47 inlägg
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.
Medlem sedan Apr 18, 2017
718 inlägg
Jul 01, 2019 at 06:53
Medlem sedan Apr 18, 2017
718 inlägg
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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