It depends on what are the market conditions and what leverage are you using if you trade with risking 1-3% then there is no need to set stoploss otherwise if you risking 5-10% then there is a need to place stop loss!
It depends on what are the market conditions and what leverage are you using if you trade with risking 1-3% then there is no need to set stoploss otherwise if you risking 5-10% then there is a need to place stop loss!
bhai aapki baat sahi hai, lekin main ek baat janta hoon, ki hum risk kam le ya fir high, hume market mein hamesha stop loss set karna chahiye, market agar humare against jayda chala gaya, to hume low risk se hi kafi jayda loss mein ja sakte hai.Quote:
Originally Posted by wadoodfx
I always set the SL and TP nearest to the support or resistance level and ofter alter it as the price moves on. i put my stop loss near to these levels. I trade with 50 pips stop loss and unlimited pips of take profits. While for profit i'm usually take the 1:2 ratio for loss and profit..
i really am quilty of over-reliance on external source, and for good reason, as at yet, i do not trust my analysis, so i have to be doubly sure other traders confirm my analysis before i use it
well, its excellent but i think you need to set ur SL and TP according to back up and stage of stage of resistance. Ma tu in factors k hisab sy SL aur TP set krta hon aur ye k kuch techniques primary SL aur TP us technique k hisab sy use krni prti hy.
A lot of people get nervous once you start talking about options. After all, they're not your standard investment. You really have to read between the lines and have a keen eye for short-term trends... Sometimes, those trends only last for a few hours.
But, with all that said, with keen investing sense and the right preparation you could make some very nice gains on the open options market.
Hard to come up with the perfect stop loss and take profit in our trading due to the fact that it is very hard to predict the market accurately. We can not be sure if the market will even hit our target profit or much worst it will hit our stop loss first.
i agree with you.when i open any trade than first i search next support and resistance. i put my stop loss near to these levels.
if support and resistance levels are too high then i follow my money management rules. i use 2:1 risk & reward ratio.
I also think the same as you, I always use a stop loss and take profit in every transaction that I make, for the sake of safety and in order to avoid a margin call so I always apply it in any open position that I made, I hope you also minded just like me
Actually since starting trading i have never preferred to use stop loss as in my view if you have a good margin than you should not really worry about putting put loss unless you open too many orders which is of course not recommended.