Why stop loss order are important and tips ?
Jun 20, 2021 at 06:31
779 Angesehen
18 Replies
forex_trader_2237169
Mitglied seit Mar 14, 2021
36 Posts
Jun 20, 2021 at 06:38
Just place a stop and secure your profits, i use stop losses on volatile pairs or use a very small lot size if i dont want to place stops, both of this helps me to keep making profits and i can exit trades without letting it get to my stoploses first if i see a reversal. Just be deciplined about it and you will keep making profits.
Jun 20, 2021 at 11:26
For short term traders, stop loss is very important. In short term market can move in both ways even if it's in trend. To save your capital from unwanted loss, stop loss is important. But you need good understanding of the market to place a good stop loss.
Mitglied seit Feb 05, 2016
31 Posts
Jun 22, 2021 at 06:10
Trading without a stop loss is a sure way to completely lose your deposit.
Mitglied seit May 31, 2021
13 Posts
Jun 22, 2021 at 10:24
Agreed. They play a critical role in your trading to minimize the losses that you are making in case the order goes the reverse.
Mitglied seit Jun 08, 2021
9 Posts
Jun 22, 2021 at 10:53
Good thread. I hope that many trader read this so that they can save themselves from losses
Mitglied seit Sep 12, 2017
238 Posts
Jun 22, 2021 at 12:03
Stop losses can help you going into further losses.
Jun 23, 2021 at 02:25
i read that a lot of pro traders with big firms dont use stop losses. some reasons are if they think direction is right; give the trade time;second they will use hedging trade until direction goes their way again.then close hedging trade.only after a certain time will they close a trade if their reasons are good.why should you close a trade if you think direction is right.? how many times do people do this and see their their trade reverse after stop loss.also the percentage profit per year is usuall 20% to %100 usually.this is not hard if you have big trading reserves .stop loss does not equal direction is wrong; weekly and monthly chart will confirm the direction. most times.price most times retraces before going in a direction across all markets.
Jun 23, 2021 at 06:05
Really don't about big firms are suing that but as a retail forex trader, it is always better to exit the position with small loss other wise have to go home with the big sack of loss. Moreover if trade returns to the better position you can enter there as well. its all about timing and managing the risk.
Mitglied seit Feb 07, 2020
1 Posts
Jun 23, 2021 at 13:38
risk management should be a priority all time .
Jun 23, 2021 at 23:14
Retail trader they only follow the market to making a profit, trading against the market is a disaster, but in fact not always trader having precisely prediction all the time, when getting in wrong direction stop loss or cut loss is one way to manage the risk, as trader retail only trying to manage the risk but they cant control the risk, its why important stop loss for them
Mitglied seit Aug 14, 2020
1 Posts
Jun 29, 2021 at 16:00
You should use a mental stop loss in my opinion. If you are a scalper like myself showing your stop loss to the broker is a mistake. They will take positions against it...
Jul 05, 2021 at 12:08
@DaiwanHicks Mental stop loss is okay if you watch the charts very often but those who are not able to watch the market, they need to use stop loss.
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