200 pip stop loss - 10 pip profit?

[kashif9760]

dear friend Very clever mind. The movement of 10 pips up is easy and you could achieve your target easily. But doing this you also have great analysis. Sometimes it may also happens the market go totally go against you and rapidly moves to Stop loss ( but it will happens rarely , you can also have alternative plans for this).

[bishaas0]

I do not suggest 30 pips stop-loss in any situation because i think we should be more realistic to do the well tradings with stop-loss. if stop-loss will be brief then it will hit first and it is better that stop-loss should be more than 50 pips.

[hend]

using a calculation like that, I think it will keep us from loss. because it uses SL very much. but when we are wrong in analyzing the market, I think it will make us have to wait quite a long time, to recover our losses. and sometimes there is a huge movement in the market, so I think there remains the possibility that our SL will be touched, and when touched, it will be a very big loss. not balanced with the benefits we get.

[oreoluwa]

well thanks very much for your analysis but as for me i really think 200 pips is very much to risk in other to gain 10 pips because as far as am concerned we just have to risk little and earn much thats the best way i was thought to earn profit in the forex market so i think 30 pips is okay to lose when placing stop lose

[Jack_lee]

I am agree with you,thats good idea to keep the loss in mind, and its even better to get the loss to a minimum level....I have been coming across many traders with such strategy and I feel it might be a good strategy.

[Bankmen]

this is not good for trader if he want to trade with very bad money management just becase market can take you all profit just in one run in opposite direction from you and slam your account.

[for pips]

It is bad way to trade as risking 200 pips for profits of 10 pips is not a wise decision at all and this is not the right risk and reward ratio to trade with and with this kind of trading style a trader will suffer huge losses most of time.

[tradeforlife]

I think if you use 200 pips for set up SL and only target 10 pips for each trade, it can be more safe for your account to avoid loss but it is a bad risk mangement you take, you can win many times but with 1 trade losse you can lose much.

[sparvez]

well,I think you are right.but here one problem is that you have to enough balance in your account.when I use stop loss then I follow and analysis previous day candle.

[marciano]

Think not very good practise SL 200 pip, profit 10 pip, me as trader i will set TP 2 times compare stop loss, example Tp100 pip , sL 50 pip , so that was the target,money management important in trade.