i highly suggest a stop lose and take profit range in about 5 - 10% , so each time you trade you risk only a fixed percentage ,
and even if you lose sometimes , you will again risk only the same percentage of what you have left , its a good protection strategy
it depends on the ongoing situation, all can be applied at the time of trading should avoid using stop losses because if the market reverses directionQuote:
Originally Posted by Jazpa
it's in no way smart move to firmly don't post stop loss if you've got tiny capital as a result of you'll lose your whole investment in barely ,few minutes therefore forever place stop loss to firmly minimize your risk....
i think you should always make a bad trading trade. but in case you do always make sure you have a 50 pip stop loss. it will really help you a lot.
The stop loss i put depends on the direction of trade i engage, if i follow the trend i do not put profit level, i let it flow because i know it will get to the last minute of trade for the day, and the stop loss i put is always after the trade must have gone 50 pips in my favor.i then put it on my entry position.
if we want to play the while trading then we need the stop loss and the take profit because we never know this thing the market gone up or down so then we use these and then we save from the big loss and make the better profit from here
the perfect place to put stoploss is below or above the previous swing low or swing high and the perfect place to put take profit is at the nearest resistance or nearest support line or any other resistance or support other than pivot points.
i use take profit in my trading and place it after every 100 points because getting smaller is better than facing huge losses which is then not easy to recover it back.
stop loss agr place krna ho to i think strong support and resistance levels kay sath he rakhna chahye lekin apni safty kay liye hum 5 pip extra add kr sakty hain apny stop loss main FIBO boht confirm levels deta hai stop loss place krnay kay liyeQuote:
Originally Posted by Jazpa
Perfect stop loss plan define is the very difficult because it comes from the huge experience otherwise we can not do it. Stop loss is the best stratgy for the new trader.Then you get profit.