hi freind i think my prefer stop lose i put my stop lose in 20 pip and
i set my take profit in 40 pip so i can earn profit double but when i lose just 20 pip
hi freind i think my prefer stop lose i put my stop lose in 20 pip and
i set my take profit in 40 pip so i can earn profit double but when i lose just 20 pip
i don't think that using the stop loss plan and take profit plan is a good idea personaly i don't use anyone of them , i prefer let it manualy doing but you need you be always here to stop your trade when you want to do it , i don't let trades open when i can't controle them so i trade just when i'm present .
in my oprnioun the prefect plane to makine the stop lose and also the take profit is that you should have to know that how your trade is gown and in this case if it is gown in against you then you should have to place that...
Brother men tou agar long term men kabhi trade karun tou stop loss use nai karta hun kyoun ke mujhey pata he ke mere account men itni investment he ke wo loss se protect karsakti he theak he na isliye admi ko short term men stop loss use karna chaiye agar long term men use karega tou faida nai he
I think that identifying the stop loss and take profit on the basis of
the analysis carried out by the market on the basis of the previous
places on the chart that the price went up to them and then returned once again place
While trading if the market is trending i prefer a trailing stop to manage my profit factor, but if the market is ranging then i prefer my gut feeling to tell me where to put stops to get out of a wrong trade, mostly this is 15 to 30 pips at most
Brother muj mein abhi itna confidence nahi aya is liay mein take profit ko zara qareeb rakhta hun stop loss ko zara door rakhta hun jaisay ager mein take 20 pips pay lagata hun to stop loss mein 30 pips per is waja ye hei kay sometimes market opposite ja kay wapis a jati hei jis say ye hota hei kay profit to earn ker letay hein lakin stop loss ko hit kernay say ager pehlay hi wapis a jai to ap ko loss nahi hota.
it is true my friend. Stop loss and consider profit ought to constantly based mostly on risk reward ratio. as for myself, i typically use 1 : 2 comparison, thus every time i targeting 20 pips, then my SL will certainly be in 10 pips.Quote:
Originally Posted by s19
I think the perfect stop loss plan and take profit plan depend on your analysis if you can make good analysis then you will find the perfect stop loss and take profit plan and your trading strategy will be good.i think it is very important to find perfect entry point ad exit point for making good profit.
it completely depends on our method and analysis way ..if our strategy works for 50 sl then we should it ...but all depends on the current market research and technical analysis..i will try to set sl 40 and tp 90 most of the time and using 15 sl and 7 tp for scalping