What is your perfect stop loss plan and take profit plan while trading?

[seeker]

i really am quilty of over-reliance on external source, and for good reason, as at yet, i do not trust my analysis, so i have to be doubly sure other traders confirm my analysis before i use it

[shipon2]

I always set the SL and TP nearest to the support or resistance level and ofter alter it as the price moves on. i put my stop loss near to these levels. I trade with 50 pips stop loss and unlimited pips of take profits. While for profit i'm usually take the 1:2 ratio for loss and profit..

[dareking]

It depends on what are the market conditions and what leverage are you using if you trade with risking 1-3% then there is no need to set stoploss otherwise if you risking 5-10% then there is a need to place stop loss!

bhai aapki baat sahi hai, lekin main ek baat janta hoon, ki hum risk kam le ya fir high, hume market mein hamesha stop loss set karna chahiye, market agar humare against jayda chala gaya, to hume low risk se hi kafi jayda loss mein ja sakte hai.

[wadoodfx]

It depends on what are the market conditions and what leverage are you using if you trade with risking 1-3% then there is no need to set stoploss otherwise if you risking 5-10% then there is a need to place stop loss!

[richard]

really important in every trade we use stop losses los because with this we can be minimized if it is not priced in accordance with the predictions

in trading then we must understand the stop loss because with this we can minimize the risk of trade and prediktion would cope if you are wrong in the analysis and strategy use stop loss in trading

[blackjack]

My plan of take profit and stop loss depends on resistance and support, when I buy so my stop loss will be at the first resistance, and when I sell my stop loss will be at the first resistance, this way is very useful for me .

[monjurbr]

I always settle for take profit as 50 pips and stop loss at 25 pips. So far I am successful in making good trades. What are your orders?

Like other professional trader we also use stop loss during my trading period. I always set up my profit limit and loss limit. According to my loss limit I always set up stop loss. Then I trade in this market. Applying this strategy I got profit in maximum time.

[kismujas]

This evolving story triggered a wave of liquidations in a broad range of markets. Both the USD and JPY gained against many instruments for flight to safety reasons as the two have extensively been used as funding currencies for all manner of carry trades

[alfi]

for me , i always set the stop loss and take profit limits according to Resistors and supports lines to avoid any unpredicted movement which may lead me to wrong action .

really important in every trade we use stop losses los because with this we can be minimized if it is not priced in accordance with the predictions

[infoworld]

My stop loss depends on the point of entry and then the reward at stake, i am always careful and also learning to be more careful while placing stop loss as this will go a long way to determine how long i can go in the market in the long term