I use a stop loss point depending on trading conditions at the moment we are doing trading,,, I usually just use a stop loss 58pips course if I trade in the EURUSD pairQuote:
Originally Posted by Vishvakarma
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I use a stop loss point depending on trading conditions at the moment we are doing trading,,, I usually just use a stop loss 58pips course if I trade in the EURUSD pairQuote:
Originally Posted by Vishvakarma
well I think that in conducting trading activities I usually choose 20 points as the tolerance to determine stop loss, until now I still remain disciplined with 50 points that can be used as a reference rate set last loss that I received with full awareness and full responsibility
to sacrifice margins by holding floating minus hundreds of points just to catch up 10 points I think is outrageous. in addition to a lot of wasted time, will also suppress psychological, you should still use a stop loss order to maintain the efficiency of time and capital
In my opinion, I will say 50 pips for stop loss and also 50 pip's for take profits also, stop loss is very important to stop losses when we are profiting, but the pip's may vary according to different traders. Thank:)
yes , I think using a stop loss is very important that you can minimize your losses and the final result can profit consistently ..about 30 point and according to your trading style in Time frame .
ok to use good money management ..:good:
bhi meray kheyal sy take profit lgana he nahin caheya keun k aap loss uthao he na aap sirf take profit lgao or jab tak market aap k target tak nahin aati tab tak aap trade band he na karo or agar aap ny stop loss lgana he hy to taqreban 100pips ka lgao.
in placing SL, I never have the same calculation, because I always adjust to market conditions. when I look at the market conditions are dangerous, I will be more strict in placing SL. which obviously I will always use my SL for each position, as I am sure there is always a risk I would lose my trade, so of course I do not want to lose too much.
Determination SL will be dealing with our readiness to take risks. For example, when we plan trading today with 5 positions, and we determine the 2% risk, then every position we set SL of 0.4% of the total margin.Quote:
Originally Posted by Anytime
That is perfect calculation with regard to the correct money management but when we want to place the stop loss at the ideal level, then we need to neglect this and make sure to place the stop loss at the strong resistance or support level so that it is not easily hit by the market price fluctuation.Quote:
Originally Posted by nopiya
It is depend of the support and resistance level that where we have to place the stop loss. But my point of view it is always better to analyse the risk reward ration before trade and place the trade according to that.