Every trade that you make has to have
A defined entry,in my case i average in.
A defined exit.
and a stop, ( this stop is your learning curve) because the way i trade there is probably a secondary trade, But.
But in three words.
A defined entry,in my case i average in.
A defined exit.
and a stop, ( this stop is your learning curve) because the way i trade there is probably a secondary trade, But.
But in three words.
Not Specified
Maybe how to place stop loss each trader has own way, some trader may prefer to use the risk-reward ratio to determine how much stop loss will be placed on every single trades, but some another trader maybe giving place wider stop loss than profit target with reason-giving more move room of the price so will often hit target profit, and experience will giving us the lesson and take what the best will be taken.
Stop loss is important if you are short term trader and can't sit before the screen all the time. Without stop loss you could get margin call if market makes a huge move.
Placing stop loss is very important. Most traders don't utilize stop loss. They generally stay in a dread of losing trade. Then again taught traders have a methodology and a course of action. That proposes utilizing a stop-loss and a take-profit. When you trade along these lines you are not assessing or betting and you comprehend what the conceivable result can be before you take the trade.
Dec 15 2021 at 13:18
Stop loss is important and it’s part of risk management, so traders can minimise risks and maximise their profits. There is no fixed stop loss. Every trader should risk capital as per their risk tolerance. If you’re a new trader, then you should take less risk per trade.
It is important that the trader knows how to use this tool correctly. Otherwise, it makes very little sense.
Traders should place stop loss strategically to minimize their losses and protect their profits. Stop Loss is a critical trading tool as it helps traders avoid losing all their investments in a single trade.
Dec 20 2021 at 06:53
It is very compulsory for me to place stop loss in my order so that in case my order is making losses, so that with stop loss placed, my losses will be minimized.
Placing a stop loss requires experience. There are different strategies to place a stop loss. But I recommend focusing on the basics first. Always consider the support and resistance levels as prices would bounce up or fall down at certain levels. Place the stop loss at some points above or below(according to support and resistance) from where price could change direction.
Stop losses are definetely pain in the neck in the process of allocating your deal, but they are significant if you want to make yourself desciplined and weight up all of your ideas before you actually act. As for me, setting up stop losses makes me ask myself whether I am sure that this or that deal is good to open. It is something like 2FA for me, where I keep asking myself questions and this makes my trading more consistent and coherent. I feel that the secret of good trading is in consistency, so the more filters you have for making decisions, the more sober your trading strategy becomes. Therefore, you should treat stop losses as an integral part of trading and make a habit of using them in trading.
请登录以发表评论。
