How many pips do you think is safe for SL ?

[benboy.ftu@gmail.com]

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...

It depends on which stop loss time frame you want to put it at. For me, i prefer M15 stop loss. Where to determine stop loss? When you see obvious V shape or /\ shape on the candle stick, i'll put it at the low or high of it. Spread included of course.

[Aditya004]

I think stop loss may different by different trder. some use half of the take profit or some use double of take profit or some use manual. but I use double of take profit. this is safe for me.

[hanabare]

Having a tight stop loss (few pips) is not always wise, though it may work well when market is stable, but at times like current when volatility is too much, and there are big moves witnessed without trend change there remain more chances of getting the stop loss triggered and prices returning back to profitable. So either have very big stop loss or no stop at all at these times and concentrate on fundamentals and margin management.

i think just what newbie dealers make a mistake is because they calculate simply how much they can find a way to risk for every trade then give a business. it must not be like this kind of.you should provide your sl below a great support then position oneself accordingly..

[WajeehBJ]

I think it depends on what kind of a trader you are. Some people consider it safe to keep the SL level of no more than 20 pips. While others won't even hasitate in keeping the SL level of around 100 pips. As far as I'm concerned, I never keep the stop loss level of more than around 40 pips. I think I can definitely afford a loss of around this much pips. More than this, I can't afford.

[imansby]

I put the SL as much TP will be obtained every time you make a transaction. 50% SL and 50% TP because it is more profitable for me if there is a very high price fluctuations.

[the antz]

the amount we use to SL is different each person, thinking everyone is different so we can not determine SL they use. Capital was also influential in determining SL, if I may be around 700 pips, so we can still do the open position and set the SL that is not too much to lose.

Yeah I agree with you, the safe stop loss point will be different for each trader since they are using different trading style and trading strategy. For an example scalper may have smaller stop loss if it compared with daily trader and swing trader. Scalper won't use 700 pips stop loss because they may already margin call before it hit 700 pips stop loss.

[riddick09]

@Atin
It will be in our strategy and trading capital. Stop loss for short term traders are just small number of pips. I usually put only 5-10 pips when I don't have big trading capital. While others have put huge stop loss order wherein they are long term traders and also low lot size which means that they don't have big risks after all. It will be from traders how they will set up and looks for the best S/L for them.

[AJAY]

me to per day sirf 10 pips tak hi trade kerna chahta hun aur ye mere liye safe he, isse mujhe kafi profit mil sakti he, aur merket me jyada loss bhi nahi ho sakta he.

[cresteden]

Finding a good stop out level is important in the forex market because there are alway retracement in the market for me i usually use 30 -35pips for my trade mostly pending anyway 50pips considering my lotsize

[yogesh]

Having a tight stop loss (few pips) is not always wise, though it may work well when market is stable, but at times like current when volatility is too much, and there are big moves witnessed without trend change there remain more chances of getting the stop loss triggered and prices returning back to profitable. So either have very big stop loss or no stop at all at these times and concentrate on fundamentals and margin management.