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Thread: Important of using stop loss Levels

  1. #1
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    Lightbulb Important of using stop loss Levels

    Many traders think that its better not to use stoplosses because of their superior market analysis or their system.BUT one think they forget that the market not move what they think or analysis always they may be getting 90% success trade but non can give 100% in market.

    1- you can have a system that is 99% accurate and lose money.
    2- you can have also have one that is 1% accurate and make money.
    WHICH ONE DO YOU CHOOSE ?

    someone have said Trading is like HIGH WIRE ACT.

    you may walk the wire 100 times without a safety net but the it may happen that very 1st fall only kill you
    YOU CANT AFFORT TO TAKE THAT CHANCE.

    HOW TO MANAGE OR CALCULATE THE STOPLOSS AMOUNTS

    Amount to risk in one year - 100.000
    Monthly Stop Loss (Months in year) 5 - 20.000
    Weekly Stop Loss (Weeks in month) 2 - 10.000
    Daily Stop Loss (Days in Month) 8 - 2.500
    Per Trade Stop Loss 2 - 1.250

    ITS A WAY TO MAXIMIZING RETURN WHILE MINIMIZING RISK

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  2. #21
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    Quote Originally Posted by silverlady View Post
    yes, the stop loss is part of the guiding trading rules for the traders of forex, they can not do anything without this and make the success in this business. the professional traders will tell you the stop loss is what they can not do without in the forex business, and they will make it.
    Thus it has to be learned on the demo account as well, if we would want to know how to make use of it effectively on the real account then we need to learn how to make use of it on the demo account. The stoploss is not a trap as so many traders sees it, but it is a saviour when rightly used, but then we need to learn and practice before we would be able to know the right way to use it.

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  3. #22
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    Quote Originally Posted by splash View Post
    Thus it has to be learned on the demo account as well, if we would want to know how to make use of it effectively on the real account then we need to learn how to make use of it on the demo account. The stoploss is not a trap as so many traders sees it, but it is a saviour when rightly used, but then we need to learn and practice before we would be able to know the right way to use it.
    yes, traders can use the stop loss for every round purpose of their trading, and that is ranging from the working to the time traders are quitting the trader they are . the use of the demo is for the way to know the best place to be using the stop loss.

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  4. #23
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    Quote Originally Posted by silverlady View Post
    yes, traders can use the stop loss for every round purpose of their trading, and that is ranging from the working to the time traders are quitting the trader they are . the use of the demo is for the way to know the best place to be using the stop loss.
    The stop loss is a very crucial trading tools for the forex traders, they will always be needing it to have the best in the market. It is always about what the trader knows and what the trader wants in the market, and they should try to use the tightest and safest possible stop loss, not letting it affect them in any way.

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  5. #24
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    The importance is that we can not be right at all times when trading on forex market, therefore we have to ensure that we make use of the stoploss which will help us should the market move against us. Using the stoploss has really saved me. But to make it effective I do make use of good risk management when using it to loss what I can afford.

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  6. #25
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    In this respect, I must say that it does not matter which type of strategy you are using, you should use the stop loss in every trade which is very very important. Stop loss keep the trader safe from the huge loss and trade can grow efficiently while using stop loss method, never trade without using the stop loss in order to get the fruitful result from this business.

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  7. #26
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    Quote Originally Posted by Nova View Post
    In this respect, I must say that it does not matter which type of strategy you are using, you should use the stop loss in every trade which is very very important. Stop loss keep the trader safe from the huge loss and trade can grow efficiently while using stop loss method, never trade without using the stop loss in order to get the fruitful result from this business.
    Of course sir, it is irrespective of the trading strategies or system the trader is using, the stop loss is a must, so is the overall protection of the trading account of the trader. So, as the stop loss is a must, the risk management in the account of the trader is a must as well, that will really help the trader and get the him to a safer landing.

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  8. #27
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    If a trader can not protect his trading account the right way which it has to be done, then the trader will end up in loss. The stoploss has to be used mostly to those of us who are not always on the chart to monitor their trades. Thus when their trade has been proven to be wrong the use of stoploss will help shut it down and put an end to the loss.

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  9. #28
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    Quote Originally Posted by Nova View Post
    In this respect, I must say that it does not matter which type of strategy you are using, you should use the stop loss in every trade which is very very important. Stop loss keep the trader safe from the huge loss and trade can grow efficiently while using stop loss method, never trade without using the stop loss in order to get the fruitful result from this business.
    [lang=id]yes, stop loss is very important and no matter for what method is used for, traders need to understand with their safety during in this business because the market is so dynamic, but i see about the levels for stop loss itself will become something hard to achieved because we do not know for how far or long the market will move[/lang]

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  10. #29
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    That is one way of knowing a serious trader that trader who will be able to understand the business and last longer in it. The use of stoploss is important and would protect your account from loss. Furthermore, it has to be learned so as you would be able to make use of it the right way which it has to be used otherwise it could be used the wrong way and loss would still happen.

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  11. #30
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    Quote Originally Posted by cutiekc View Post
    That is one way of knowing a serious trader that trader who will be able to understand the business and last longer in it. The use of stoploss is important and would protect your account from loss. Furthermore, it has to be learned so as you would be able to make use of it the right way which it has to be used otherwise it could be used the wrong way and loss would still happen.
    Of course sir, the use of the stop loss is very important, that can help traders to better their trading deals. If the stop loss is not used, I fear the future of the trader in any regard, and traders has to be careful of what they are doing at any point in time, that will be the main thing for them while they do the trading actively.

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