How many pips do you think is safe for SL ?

[pivot-trader]

well it depends upon the need.But always its not wise to have like this TP=SL.
For beginners i recommend 2:1 ratio.
if TP is 100pips have SL as 50pips.So that if you lose a trade also,atleast the last trade's half profit will remain.

thanks for good advice guys, in my opinion risk reward 1:2 is good for all trader, not only for begginer. i use it too.

[zoomfire]

well it depends upon the need.But always its not wise to have like this TP=SL.
For beginners i recommend 2:1 ratio.
if TP is 100pips have SL as 50pips.So that if you lose a trade also,atleast the last trade's half profit will remain.

[mayengbam]

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 of the trader itself, its his decision to set it depending on the balance he have in his account and how much money can he afford to lose but setting it below 50 pips is not the right option according to me. but i said it always depends on the trader

[anubhavsingh]

Brother I think you should place stop loss value according to support and resistance values..It should not be placed like the way your are placing..
You should have knowledge about support and resistance and then you have to place your stop loss and take profit

[anubhavsingh]

yes friend you are absolutely right..
stop loss depends on various conditions...it depend on individual,s study, his account balance, his experience etc..
so we can not generalize the exact pips for setting stop loss..it depends on situation to situation and trader to trader

[dhenia03]

I think better to install the SL between 30-50 pips.
My experience using SL of 10-20 pips, but the market actually touching the SL and turned toward ...
so from now on I always install the 30-50pips SL ...

[Nikhil]

I think there is no particular SL and TP and it depend fully on trader and his/her strategy and depend on how much balance there . for me soemtime i select 30 pips and sometime also 50 pips and it depend on market but always put same in tp and sl.

[saurabh]

i 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

[s19]

well main apna sl pips ke hisaab se ni rkhta. main last support or resistance k hisaab se sl set krta hu..lekin jab mere trade proft me hota hai to me apna sl change kr k trade open price se 4-5 above set kr deta hu....
es trah meri trade close hone par b me 4-5 pisp profit me hi rahta hu.

[soumen]

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.