How many pips do you think is safe for SL ?

[dmambi]

To guess the right spot for a perfect stop loss needs good hands on trading experience. Also it depends on the volatility of the pair a trader is trading, as the more the pair fluctuates the more deep it should be placed beyond the strong support /resistance lines.

[bdboy]

its fully depends on ones money management system. i use 1:3. thats mean I take 30pips stop loss when I set my take profit at 10pips. I make some pips with this risk. its good for scalping also. But if u r a long term trader then u can use 100 or more high stop loss.

[hikaru fx]

I think its fair enough and not easily hit by some big spikes of market movements during news releases. I think cut loss too is good but the problem with cut loss is that sometimes your mind refuse to follow your own directives because it has a mind of its own. And before you knew it your floating negative positions is now hard to control,,,,

[md satu]

setting stop loss & take profit depends on market situation .......
sometime you can set stop loss to 50 pips only & something you can market E 200 pips

[waqes gill]

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 market situation if market is in favour and you are full concentrate on it then it will be benefit for you. But the loss point of different trader is different. in my point of view it will be good on 50 point if you cross it then your loss point of ratio is maximum the chances are both but it depend on you what is the strategies you should be adopted.

[ernestina]

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...

Outside how much you can afford to lose, I think that it is also dependent on the volatility of the currency pair that is being traded. I mean if you are trading EUR/USD and EUR/CAD, you can not use the same stop loss targets for both because the volatility of their price movement is different. You will use a smaller pip target for EU and a larger pips target for EC.

[alvabra2010]

I generally keep my SL at 20-30 pips when i am sure about the trade and when i am not sure of the trade, i set it at 10-15 pips because that saves me from taking much risk. I generally set my SL before my trade is executed or after its execution. I never modify it after i have set it once because mostly i set my TP and SL and then close the platform. Its safe and doesn't generate greed.

[digger_jim]

If you want a really safe number, try 1,000. But if you cannot afford that many, review your strategy, especially its past performance. There you would find how far a pullback you might deal with using your strategy.

[Morshedul]

I think 30 pips is enough for stop loss while target profit is 50 pips. I think those hwo have large capital back up do not need to use stop loss. Because it is one kind of loss also.

[joru]

meray kheyal sy yeh batter rahy ga k aap agar 20 pips down p apni stoop loss set karni cahiye ku k yeh achi stoop loss limit hy me to jiyada isko he use karta hu i like this point of stoop loss.i use this level ever .