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it is more required that we should put the stop loss in our tradings. if we will try to put the stop loss then our tradings will be more excellent and then we may do the right trades. good stop loss is the 100 pips normal stop loss but should be at such a place so it should not hitted easily...thank you.
to the problem of the SL I do not condone just a sharing of my system a long time ago. I think SL is not just a matter of pips, but a place that can secure your balance also safeguard you from brokers who like to look from the point of our SL .. :) this my opinion sirr..
despite its small lot size, should not we retain up to 1500 pips loss. do not just look at its face value in limiting the loss, but also to be seen within its pips. so outrageous that we hold up to 1500 pips. that means we are still hesitant to cut loss / hedging and undisciplined with money management and risk management. if still hesitant to cut loss like that, you should use a stop loss.
Ideally we've got to line the stop loss at thirty pips and something over that's not wise the least bit. this can be as a result of if we are going into a loss of thirty pips then it clearly implies that the trade is completely wrong and that we ought to revise our study and once more build the trade with the proper market sentiments
I am fully like your answer and we should following support and resistance during the setting the take profit answer stop loss. If we put randomly then we will just lost the money by the stop loss.Quote:
Originally Posted by Anytime
choosing the stop loss as number of pips is not good.Quote:
Originally Posted by dhenia03
yes we can choose the pips near to support and resistance. we can set 10pips upper and lower to the support and resistance.
I think to stop loss at 50 pips
stop loss may different by different trader
for me soemtime i select 30 pips and sometime also 50 pips and it depend on market but always put same in tp and sl
stop loss, it is important, just try to see in the forums, a lot of which suggest the use of stop loss, the stop loss is like a financial controller in reducing our unnecessary spending
In my opinion, there are some scalper who use a script to open a position, So that SL directly specify. Weakness scalper is not dare cut loss when experiencing loss. I guess it would spend all the profit that has been gleaned. Thanks
I think the number of pips is safe to stop loss, is 70-100 pips, that if we trade the EUR / JPY, as the pair have a correction at great prices, so that when we put the stop loss with a low pips will easily moved , so I think the proper placement of stop loss it also depends on the pair which we trade.