Whats the most pips you are willing to losse one one trade?
Ea for take profit and stop movement based off risk(stop loss) 13 replies
Stop Loss vs. Hidden Stop Loss 26 replies
Who is best ? stop loss or trailing stop 46 replies
How do you set your stop loss? TA and MM Considerations? 9 replies
Stop Loss and Trailing Stop 0 replies
DislikedStops? Who uses stops anymore in this environment? They'll keep ya in the 95% of losing traders.
A 3:1 ratio is a good rule for setups. If your right 60% of the time with a 3:1 rule then you will be in the 5%.
CheersIgnored
DislikedStops? Who uses stops anymore in this environment? They'll keep ya in the 95% of losing traders.
A 3:1 ratio is a good rule for setups. If your right 60% of the time with a 3:1 rule then you will be in the 5%.
CheersIgnored
DislikedYou got that backwards. Stops are not used by the 90% who lose and that is a big reason why they do lose. Then when they do use them they bitch about brokers taking out their stops. And BTW those are the same people who mostly use some arbitrary 2:1, 3:1, 4:1 r/r ratio.
Price action determines where stops should be placed and how much a trade...Ignored
DislikedThe suggestion was merely a piece of advice for the originator of this thread to find his own direction.Ignored
DislikedStops? Who uses stops anymore in this environment? They'll keep ya in the 95% of losing traders.
A 3:1 ratio is a good rule for setups. If your right 60% of the time with a 3:1 rule then you will be in the 5%.
CheersIgnored
DislikedIt depends
Most of my trades are on the daily chart which is what I try to stick to. My stop loss is routinely in the 500 pips range at the start of a trade...but there's a catch.
Some people are stupid enough to trade without a stop loss. I'm stupid enough to trade without a take profit. How that works is that I move my stop loss (up on a long, down on a short) every day. It takes a few days but I manage to lock in profits most of the time.
So I always get stopped out of a trade, but usually at a profitIgnored
DislikedSo you basically do a very large trailing stop (500 pips) or do you change it along the way?Ignored