What is your perfect stop loss plan and take profit plan while trading?

[shinde]

In my view Trading must be done in discipline. By money management all trades can be done safely , i use 40 to pips in stop loss limit and 15 to 30 pips in take profit with a medium lot size. that gives me enough pips.

[nilesh]

nahi mere khiyal main app ko 50 pips pe stop loss rakna chiye or 25 pe take profit rakhna chiye kioun k baz dafa trade open karne se market kafi neechey cali jati ha or baz daf near point k qreeb ja kar loss main chali jati ha es liye take profit kam rakhu

[arihant]

main to scalping trading karta hu or mere take profit bi 6-8pips hi rahta hai.
main jydatar trade bina stop loss set kiye hi trade karta hu bas unme take profit hi set karta hu.
main ne ab tak ye dekha hai ki agar ham ache time par trade kholte hai to take profit hit ho hi jaata hai.

[tinku9832]

I am satisfied with 10 PIPs daily with 50:1 leverage with gold, I don't use SL tool at any time, as I found very volatile movement unlike others. Thus No constant TP, I choose sometimes 10 & sometimes 5 PIPs also.

[ishvara]

I always settle for take profit as 50 pips and stop loss at 25 pips. So far I am successful in making good trades. What are your orders?

You are using the 1 : 2 risk reward ratio. It is very good for a trader to use it so that if we have 1 loss and 1 profit in their trade, they will be in profits of 25 pips and that is already a positive pips.

[mini]

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.

[stimor44]

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.

[anubhavsingh]

I mostly choose my oder only after analyzing the trends. I trade with 50 pips stop loss and unlimited pips of take profits. I don't usually place take profit as I keep constant eyes upon the trade and close the position soon as I think the profits are enough for me.

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

[s19]

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.

[fxquest]

I am a new trader . I do the reverse. I put take profit around 25 and put stop loss at 50 or even more . 25 stop loss is too tight and your trades will close mostly at loss.so i prefer to put 50 stop loss .

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.