hey guys ,
what do you think of the use of stop loss ?
thank you .
My personal opinion:
If you will not use the “stop-loss” in your trading system.
Eventually you will loose all your money.
What do you feel the best place to put a stop is?
Obviously it would be different for each trade but personally I like to use 2 or 3 pips above the previous high on a 15 min chart.
But this is sometimes to tight and get stopped out just before the market moves in the right direction.
Look left.
See where support & resistance levels where and use them as guidance - not directly On the S/R line, just above/below it
Good advice , this is very effective way in decide the placement of stop loss and i am frequently use it methods , but another methods i will use fix point , let says 30 - 50 point without see where suport and ressitance