How many pips do you think is safe for SL ?

[sufiyan22]

bhia sl kabhi bhi count krke set ni hota hn me apko batao ke sl hamesh market ko dekh kr hota hn jese ke apko market dekhni hn ke kha se reverse hu hn 2 se 3 baar jo ke suport and resistance ban jata hn voha sl and tp lgti hn

[toba]

yes, you are right. SLS should be decided
with Support or resistance and they act as good as one to determine.
Pivot points are also good at deciding. So one can place SL based on this or a set value like TP: SL ratio as 2: 1 like that. Depending on the needs of the trader.

[olivia]

yes i think you are right because i previously faced such
a clean connection. i just saw my position and did not put sl when it was thinking that i was infront of pc and by that time i lost net connection and it was newyork session and due to heavy market movement, i lost good amount of pips. so i think its always better to put sl first then observe the open position.

[bronz]

The number of pips can not be fixed for any trade. It really depends on your trading style and your capital, your limit to deal with loss. If you are a broker with a minimum deposit then you should set a tight stop loss and if you are a swing trader with a large deposit then you can afford to have a big stop loss. But the question you ask can not be answered with the exact number of pips.

[lanang]

There are some scalpers that use scripts to open positions,
so SL directly determines. The weakness
of this scalper does not dare to cut losses when losing.
I think it will spend all the profits that have been earned.

[kazna]

For me ,,,, better not just stop loss only.
You should place a stop loss along with trailing stop.
So, if you want to put 50 pips stop loss,
then you can put stop loss up to 30-40 pips and put trailing stop 20-10 pips.
I think a good SL about 20 pips for an intra day trader along with 10 pips trailing stop.

[ravi999]

A good rule of thumb is to try not to risk more than 2% of your equity on any given trade. That means if you have $5000 in your trading account, you can risk $100 per trade. If your trade setup required you to risk 50 pips, then you could risk $2 per pip on this trade idea. That would equate to a 20k trade size. On the other hand, if your trade setup required you to risk 200 pips, then you could only risk 50 cents per pip. That would equate to a 5k trade size.

Ha bhai hum logo ko 2 % se jyada risk kabhi nae lena chahiye kynmi agar hum log risk jyada lenge to iska sidha effect nargin pr padega aur aap tension main aakr galat decision lenge isiliye hmesha trading krte waqt aap iss chiz ka dhyan rakhe ki market main low risk wale log hi jyada ache se apni trading carrier ko aage le ja pate hai

[MalikWaseem]

The U.S. House of Representatives on Thursday approved a broad package of tax cuts, which will now be debated by the Senate.
Investors were still cautious however, as the Republican majority is smaller in the Senate and no decisive action is expected until after next week's Thanksgiving holiday.

[Sawera]

A good rule of thumb is to try not to risk more than 2% of your equity on any given trade. That means if you have $5000 in your trading account, you can risk $100 per trade. If your trade setup required you to risk 50 pips, then you could risk $2 per pip on this trade idea. That would equate to a 20k trade size. On the other hand, if your trade setup required you to risk 200 pips, then you could only risk 50 cents per pip. That would equate to a 5k trade size.

[MalikWaseem]

The U.S. dollar moved lower against other major currencies on Friday, but losses were expected to remain limited after an important U.S. tax reform bill was passed by the House of Representatives.

---------- Post added at 10:59 PM ---------- Previous post was at 10:58 PM ----------

The U.S. House of Representatives on Thursday approved a broad package of tax cuts, which will now be debated by the Senate.
Investors were still cautious however, as the Republican majority is smaller in the Senate and no decisive action is expected until after next week's Thanksgiving holiday.