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I always use a 1:1 ratio to take profit and stop loss. so when I put up tp 50 pips, then sl is also 50 pips. I also always use a trailing stop to secure the profit which I can. so that, if the price reverses direction, I have a profit, although still small. no matter.
I agree with you, sir. it puts a stop loss is how our ability to lose our capital, of course, of each trader is different, or maybe it could be based on the fair tradedQuote:
Originally Posted by Anytime
Ye kehna sahi nahi hoga ki fala fala **** stop loss rakhne se safe rahega, yeh situation par nirbhar karta hai
hame chart study kar support or resistance ke anusar trading karni chahiye buy ke case me stop loss support ke thoda neeche rakhna chahiye.
agr aap scalper hain to phir to aap ka stop loss kafi small ho ga, balkay aksar scalpers to stop loss ko use hi nae kertay. phir agr app day trader hain to phir aap nearest support ya resistance level per apna stop loss rakhian. or agar aap swing trader hain to phir start ya end of trend per apna stop loss select karaingay
Not appropriate to set the target in pips rather we should let our profit grow until we see a reversal signal and if we notice reversal there is no queston of letting the trade open even if we are not getting the pips we have set the target for.
It is worth to use pivot points to determine your SL and Target along with good entry level. And i noticed there is often some found some support or resistance at these levels but i still like to watch market at my own and mark important resistance and support for my trade.
There is another view on this subject namely that the use of stop-loss depends on the margin available and the good management of my money l when my trad in the direction of my expectations stop loses used and start move it behind the trend winner to preserve as much of the profits
When I find that the pair bounced unlike my expectations for any reason, the decision here is used to stop losses or that I knew how to manage my capital, bear the maximum available margin rebound until the correct path
This is true that you should not set stop loss at more than you can afford to lose. But while determining stop loss you should consider few other factors as well, first whether risk reward ratio is good when you set stop loss at this level, and secondly is the stop loss you set is meaningful i.e. just below support level for long positions and just above resistance level for short positions.
how many **** will be good for stop loss depends on market condition mainly. if you are volatility condition, stop loss should be 60 **** and if you are in n volatility condition 30 **** is good.happy trading
You are very right my friend and i think if the price will move from this level then there are the chances that price will move in this direction. Also one more if the good volatility then 50 pips stop loss is good.