How many pips do you think is safe for SL ?

[WDholic]

Many newbies ask me how many pips is safe for stop loss? I think its all depend on how much you afford to lose and we have to put stop loss by checking resistance and support levels, we should not put stop loss just by numbers.

Share your views...

i don't set SL as pips..
but i set SL from the range of the previous candel H1
or from the range of price action

[elkhawaga]

I myself see that your words correctly and that the stop-loss is not only numbers and those there are other tools show that number, but I read in one of the forums that the stop-loss be profit-third of the points that's what I read and I did not know is right or wrong Please advise

[WajeehBJ]

I think around 35-40 pips is quite safe for stop loss if you are talking about an account which is similar to mine. See, it depends on a lot of different factors. Your equity, your margin, the loss you are willing to afford, the firmness of your market prediction etc. It all defines what stop loss level is going to work best for you.

[hasan5828]

If you set it on more value then it give you more loss therefore you must watch the market and then place your order other wise you go in loss .

[shahriar99]

Trader must use stop loss and take profit ti prevent huge loss . I think 20 pips is very good for stop loss and for take profit 50 pips is very good . But it may be changed on various condition ,it can change on the situation of market .

[sumin]

Fast you collect some in formation and think SL should be of 50 pips i usually keeps sl with 50 pips and tp at 50 pips when we are in profit we can use SL as to avoid loss in our trades as like take profit i mostly using it

[uknim]

if without SL should dare to cut loss if wrong ..,
if not better dare install the SL course, dangerous if not use SL continues not dare cut loss so get ready for the same meet (MC) .

[yogesh]

A good stop loss is that our which is set at a price that you have solid reasons to believe that it should not be reached, and thus leaving more room for your trade being profitable, it is never wise to calculate stop loss in pips, rather major support or resistance levels may be used to set the same.

[sujarwo]

how many pips do you think is safe for SL ?
Many newbies ask me how many pips is safe for stop loss? I think its all depend on how much you afford to lose and we have to put stop loss by checking resistance and support levels, we should not put stop loss just by numbers.

Share your views...

Very true what you say, because I put SL depends on the strength of our capital, or equity security that we have. If indeed you have a large capital, and you are using a lot smaller OP, I think you do not need to use SL.

[blonur]

I agree with you. Market does not make constant moves. And single stop loss may not be good enough at times. It is better to determine a range for stop loss like 25 pips to 50 pips at max for day trades. Of course keeping in mind about risk reward ratio.