Believes.
เป็นสมาชิกตั้งแต่ Jul 23, 2020
759 โพสต์
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.
เป็นสมาชิกตั้งแต่ Mar 16, 2021
477 โพสต์
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.
เป็นสมาชิกตั้งแต่ Apr 16, 2021
8 โพสต์
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
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.
เป็นสมาชิกตั้งแต่ Jul 23, 2020
869 โพสต์
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.
เป็นสมาชิกตั้งแต่ Mar 17, 2021
536 โพสต์
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
เป็นสมาชิกตั้งแต่ Apr 09, 2019
538 โพสต์
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.
เป็นสมาชิกตั้งแต่ Dec 14, 2021
28 โพสต์
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.
เป็นสมาชิกตั้งแต่ May 27, 2021
64 โพสต์
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.
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.
Jan 12, 2022 at 23:20
UweMoench posted:The professional trader has long years of experience and also a good understanding of the market, but I think they also will keep trading based on risk management maybe they trade without stop loss but will cut loss if the trading en^danger all trades, except they already don't care about the money, big trader also get big loss but never exposed
Trading without stop-loss is possible for professional traders. But it is quite tough to trade without stopping loss for the new traders.
เป็นสมาชิกตั้งแต่ May 19, 2020
403 โพสต์
Jan 13, 2022 at 13:47
Trader can do what seems to be right, even to trade from another room, not looking at the monitor. If it is profitable, then OK, do it.
Because the problem of those who suffer losses is not that they make irreparable mistakes, but that these mistakes are caused by the absence of the correct trading plan and trading system.
Because the problem of those who suffer losses is not that they make irreparable mistakes, but that these mistakes are caused by the absence of the correct trading plan and trading system.
@Marcellus8610
Jan 13, 2022 at 19:22
Well, I notice that lots of traders rely on luck and their beliefs in trading activity, while I can't claim that it's okay for a trader. Trader in my opinion should rely only on his/her personal experience, knowledge and take into consideration previous deals or mistakes which were made by him/her. Of course, people are tend to believe in something that doesn't relate to rational side, for example, luck. Luck has no rational traits, it's all about fiction, that's why it's easier to rely o it, rather than on your personal skills.
Anyway, for example, it's better to set stop loss, rather than thinking that everything will be oay and the price will go the same direction as the analysis showed you.
Anyway, for example, it's better to set stop loss, rather than thinking that everything will be oay and the price will go the same direction as the analysis showed you.
