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Author Topic: Is Stop loss is also a part of the trading business?  (Read 24656 times)

Offline Neurotic

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Re: Is Stop loss is also a part of the trading business?
« Reply #75 on: December 07, 2017, 05:40:19 AM »
Yeah, Stop Loss is a very good strategy no doubt, but we need to deal in according to the Forex Situations.

Offline Eliza Abrams

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Re: Is Stop loss is also a part of the trading business?
« Reply #76 on: December 08, 2017, 04:13:16 PM »
Yeah, Stop Loss is a very good strategy no doubt, but we need to deal in according to the Forex Situations.

In what situations do you use stop loss?

Offline Neurotic

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Re: Is Stop loss is also a part of the trading business?
« Reply #77 on: December 09, 2017, 06:47:41 AM »
These are the following points in which are needed to be considered before using the strategy of Stop-Loss:
Never use stop loss orders for active trading.
Watch for hidden fees.
Never assume a stop loss order has been filled successfully.
For the original placement always give the stock at least 5% of space to avoid market maker abuse.

Offline iMusingKiMi

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Re: Is Stop loss is also a part of the trading business?
« Reply #78 on: December 09, 2017, 01:26:46 PM »
Yeah, Stop Loss is a very good strategy no doubt, but we need to deal in according to the Forex Situations.

In what situations do you use stop loss?

According your own plan and strategy. I believe this is the nearest answer.

Offline Iverson

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Re: Is Stop loss is also a part of the trading business?
« Reply #79 on: January 10, 2018, 01:13:31 AM »
If you do not have good stops you can not do anything. The other part is knowing when and how to do it! Regards...

Offline Eliza Abrams

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Re: Is Stop loss is also a part of the trading business?
« Reply #80 on: February 02, 2018, 04:19:22 PM »
If you do not have good stops you can not do anything. The other part is knowing when and how to do it! Regards...

Good point. Placing a stop loss badly - on a regular basis, can be worse than not using a stop loss at all. It's a double-edged tool.

Online slimboydim

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Re: Is Stop loss is also a part of the trading business?
« Reply #81 on: February 02, 2018, 08:20:43 PM »
I use stop loss on lower time frames, as tight as possible
but know some like to leave plenty of "room to maneuvre"
Mine are governed by entry candle, so always different.




Offline Eliza Abrams

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Re: Is Stop loss is also a part of the trading business?
« Reply #82 on: February 03, 2018, 02:46:49 PM »
I use stop loss on lower time frames, as tight as possible
but know some like to leave plenty of "room to maneuvre"
Mine are governed by entry candle, so always different.

It's governed by an entry candle how, if you don't mind me asking?

Online slimboydim

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Re: Is Stop loss is also a part of the trading business?
« Reply #83 on: February 03, 2018, 10:53:04 PM »
Hi, I trade broken patterns, and use a particular candle in the
set up to determine entry line and stop loss. Everything else I work
out with a calculator, direction line, TP's etc.
Bit old fashioned by todays standards, I know!




Offline Eliza Abrams

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Re: Is Stop loss is also a part of the trading business?
« Reply #84 on: February 05, 2018, 04:27:55 PM »
Hi, I trade broken patterns, and use a particular candle in the
set up to determine entry line and stop loss. Everything else I work
out with a calculator, direction line, TP's etc.
Bit old fashioned by todays standards, I know!

As long as it works for you it doesn't matter whether it's old-fashioned or not. Thank you for explaining.

Online slimboydim

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Re: Is Stop loss is also a part of the trading business?
« Reply #85 on: February 06, 2018, 10:21:44 PM »


As long as it works for you it doesn't matter whether it's old-fashioned or not. Thank you for explaining.


Old Fashioned and not too complex is good for me.

No problem, you're welcome.




Offline Eliza Abrams

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Re: Is Stop loss is also a part of the trading business?
« Reply #86 on: February 07, 2018, 02:46:53 PM »


As long as it works for you it doesn't matter whether it's old-fashioned or not. Thank you for explaining.


Old Fashioned and not too complex is good for me.

No problem, you're welcome.

I prefer old-fashioned trading approaches too. That is not to say that I am not open to innovation, I am just slow to trust.

Offline iMusingKiMi

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Re: Is Stop loss is also a part of the trading business?
« Reply #87 on: February 11, 2018, 08:47:33 AM »
It depends what you trade to me. If in equities, why would you buy when it is high price and throw away when it is low price. You should buy more don't you? It is paradox and that's the most difficult thing in trading.

Offline Eliza Abrams

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Re: Is Stop loss is also a part of the trading business?
« Reply #88 on: February 12, 2018, 03:57:51 PM »
It depends what you trade to me. If in equities, why would you buy when it is high price and throw away when it is low price. You should buy more don't you? It is paradox and that's the most difficult thing in trading.

But if the price gets even lower - as it often happens - you'd lose everything, wouldn't you?

Offline Trunk

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Re: Is Stop loss is also a part of the trading business?
« Reply #89 on: February 26, 2018, 02:50:48 PM »
Trading without stops is driving a car without brakes - sooner or later it will end with a crash. Its mathematically proven that in n trades you will get a trade which will completely wipe out your deposit.

Stop loss is essential protection from market irrelevance and unlimited market power. But placing stops is an art and should be based on analysis, intuition and adjusted according to volatility.

Pick nice brokers such as Tickmill and Hotforex which ensure an order close at exact stop loss price and rarely exceed it.

 

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