Placing stop loss

Yes it is bit difficult to know where to place but it shud be done where the person thinks she/he can not lose more than this.

Stop loss helps in reducing the losses

This is my first post on this forum. I have been trading for a long time so I can express my opinion on this topic based on some experience. I usually try to place stop loss above or below the swing. In this trading style my losing ratio is low.

Yes, placing the stop loss can be a bit complicated for a new trader at first, but if they get a good idea of it, it is a life saver.

Yes, placing stop loss can be tricky but if you get an idea about its proper placement, you can save your trades.

garrettlamb posted:
Yes, placing stop loss can be tricky but if you get an idea about its proper placement, you can save your trades.

even when running an EA?

Some pairs are more stable than others ,thats why its wise to trade 1 pair to begin with ,usually what we do is wait for large spikes placing stop loss instantly as spike happens,must be a larger spike than rest of the trend.Next 3 candles present themselves of possible direction,takes practice of reading the trend to place correct stops.

garrettlamb posted:
Yes, placing stop loss can be tricky but if you get an idea about its proper placement, you can save your trades.

True. It is a good risk management tool. Every trader must use it.

I will never understand traders who do not understand the importance of placing stop loss for their order. I can see why experienced traders sometimes do not do that, but beginner should seriously input their trading style and learn why stop loss is very important.

The use of stop loss in trading is a prerequisite. Most of the accounts were lost because the trader was too lazy to place a stop loss.

Fridrike43fr posted:
The use of stop loss in trading is a prerequisite. Most of the accounts were lost because the trader was too lazy to place a stop loss.

Yes, exactly. If a trader makes an effort to study the market and decide the stop loss level, most of the trades can prevented from blowing up the accounts.

ele020 posted:

Fridrike43fr posted:
The use of stop loss in trading is a prerequisite. Most of the accounts were lost because the trader was too lazy to place a stop loss.

Yes, exactly. If a trader makes an effort to study the market and decide the stop loss level, most of the trades can prevented from blowing up the accounts.

Traders also need to place it in proper place. Otherwise, it may lead you to loss.

Stop loss is important for short term traders. But the real problem is where to place the stop loss. Many people place stop loss by counting pips. But to place stop loss, knowledge of support and resistance is very important.

it is indeed a very very imp feature. stop loss can save u going in big losses

Gracewilson1995 posted:
Yes it is bit difficult to know where to place but it shud be done where the person thinks she/he can not lose more than this.

Yes to know exactly where to place a stop loss a person should have knowledge of support and resistance level.

Sarjohn posted:

Gracewilson1995 posted:
Yes it is bit difficult to know where to place but it shud be done where the person thinks she/he can not lose more than this.

Yes to know exactly where to place a stop loss a person should have knowledge of support and resistance level.

To use stop loss, you need proper planning and skills.

I learned such subtleties on the demo account of the broker. In my opinion, this is a good option to get the necessary experience.

Akasuki posted:
Stop loss is important for short term traders. But the real problem is where to place the stop loss. Many people place stop loss by counting pips. But to place stop loss, knowledge of support and resistance is very important.

There is an argument in your comment. However, it cannot be denied that stop loss is very important to manage the risk.

Losses occur and so do wins. The goal is relative indifference to both.