What is your perfect stop loss plan and take profit plan while trading?

main ek day trader hun.,. to mera trading entery bahut kam karta hun. may be 1 or 2 trades in a day. but mera take profit target change hote rahta hain ... from 6 pips to 40pips tak .. mera take profit target hota hian market situation ke hisab se. lekin main apni stoploss target fixed rakha hun.. only 30pips .. main isse jyada loss. nahi bear karta ..

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Originally Posted by truegoa

For a position trader, that 25 pips SL do very tight SL. But for some intraday trader or even scalper, that 25 pips is good enough to just cut loss their loss as minimum ammount and start gaining better profit in next trade position. Like people said, cut your loss tightly, and let your profit run over the chart. :)))

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SL 25 point was enough to get on tolerance , because the price movements in one day points , RANGE DAILY 100 - 150 point because SL very important to implement in any condition ; if will not give greater losses . Limit the risks better than we ' ve always hoped to a position that was clear in the wrong position .

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Originally Posted by CemonG

SL 25 point was enough to get on tolerance , because the price movements in one day points , RANGE DAILY 100 - 150 point because SL very important to implement in any condition ; if will not give greater losses . Limit the risks better than we ' ve always hoped to a position that was clear in the wrong position .

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when I tried to put my take profit in the trade in amount depending on how the current market conditions so that I do like that I am more of commerce in trade pleksible I do and I want to continue to do so

only most profession trader can put a perfect stop loss or take profit...i always put a sl and tp on the base of risk take and available equity ..nd this is the my strategy for sl and tp and i hv succeed in it

every stop loss and take profit is based on the which trading style we have applied....i usually put stop loss on the basis of fib level

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Originally Posted by Jazpa

I always settle for take profit as 50 pips and stop loss at 25 pips. So far I am successful in making good trades. What are your orders?

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I depend mainly on support and resistance levels to determine my targets , and the same option when set stop loss , for stop loss it isn’t required that I put stop lose at the levels of support or resistance directly, but I'm trying to further the levels of about 10 or 20 points

you must be having a very good strategy or a good trading analysis, as you are trading with a risk to reward ratio of 1:2 that is a very good trading practise, if you are trading exactly with this goal and are successful than you are really a good trader

although i'm using robots, i've already put the stop loss in each open position and a cut loss order if my total capital is reaching the limit that i setups. While for profit i'm usually take the 1:2 ratio for loss and profit, so if i'm setup a 20pip loss, then my profit will be at 40 pips.

it's true my friend. Stop loss and take profit should always based on risk reward ratio. as for myself, i usually use 1:2 comparison, so each time i targeting 20 pips, then my SL will be at 10 pips.

jab main trade karta hoon tab main stop loss me 50 pips taq set karta hoon.Aur take profit pe main 100 pips taq take profit set kar leta hoon.Is se mujjhey trade me lose hone ki sambha bona kam hoti hay aur profit bhi main acchey se kar sakta hoon.