my best and perfect stoop loss and take profit plan is that 18**** tp and 20 **** sl i use this plan of my trading this is best it saves me from loss its batter form other st and tp plan.
my best and perfect stoop loss and take profit plan is that 18**** tp and 20 **** sl i use this plan of my trading this is best it saves me from loss its batter form other st and tp plan.
i set my SL after i made some analysis from it to get the right place for it with some calculation that i had to take,
because it is not funny if our stop loss is always touched by the trend
can ayybody explain to me if which one is better ?to have short stoplooses and make so many looses or to make long stoplooses lets say 200 **** but loose rarely but a big one.what l can see is a short stoploose is been hit very easly while market is having zigzags is far stooplose not better but ofcourse risky.which one do you prefer?
Some person consider it stupid to have bigger stop loss, but i tried this few times and amazingly it increases the winning chances, i managed to book profit multiple times before our stop loss hit - but such strategy should not be tried to trade against trend.
every trader have different different views about stop loss.
some trader set it according to their risk and reward ratio and some set according to their strategy.
the stop loss must be near to support and resistance level.
mere khaya lse paki strategy galat hai..aapko kabhi bhi stop los ki koi fix value decide nahi karni chahaiye..kayi baar aapko 20 pips ke baad hi achji stop los ki value dikh jayegi aur kayi baar 100 pips bhi dikh saket hai..ye bas aapki study aur analysis pe depend karta hai ki aapkokya karna chahaiye
Risk factor is a necessary issue that must be address if you truely wnat to make a good money from the market, and become successful.
if we use 25pip as a stop loss and 50pip as a take profit we will gain big amount than we loss but we will loss many time more than we win however we do in forex it still 50% profit and loss.