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Stop Losses

  • #1
  • First Post: Apr 25, 2008 11:21pm Apr 25, 2008 11:21pm
Hi,
I think stop losses are very important tool for many traders. Some traders may use different number of S/L for each trade, some may use same S/L for every trade. Thought this might be a good discussion. How many pips do you use for your stop loss? Thanks.
  • #2
  • Apr 26, 2008 12:57am Apr 26, 2008 12:57am
Quoting Clouds
Hi,
I think stop losses are very important tool for many traders. Some traders may use different number of S/L for each trade, some may use same S/L for every trade. Thought this might be a good discussion. How many pips do you use for your stop loss? Thanks.
im using stop loss if i in bad trade only at -40pips
if profit SL will be placed at 20pips,
but ussually i use trailing stop to secure my trade
  • #3
  • Edited 1:25am Apr 26, 2008 1:13am | Edited 1:25am
Quoting Ultraman
im using stop loss if i in bad trade only at -40pips
if profit SL will be placed at 20pips,
but ussually i use trailing stop to secure my trade
What pip do you use for trailing stop? If you don't mind.
  • #4
  • Apr 26, 2008 1:15am Apr 26, 2008 1:15am
I don't use stop losses. Don't want my broker to know where to knock me out. Although, I use very small pip size.... 100 pips eqivalent to 1% of account
  • #5
  • Apr 28, 2008 10:35am Apr 28, 2008 10:35am
Quoting DJ4x
I don't use stop losses. Don't want my broker to know where to knock me out. Although, I use very small pip size.... 100 pips eqivalent to 1% of account
Sadly over 90% of brokers hunt stop losses!
  • #6
  • Apr 28, 2008 11:15am Apr 28, 2008 11:15am
Quoting rmrf
Sadly over 90% of brokers hunt stop losses!
Really! Wow! Please share your list of brokers who hunt stops. That way we can all avoid them and just use the 10% who don't. Hopefully you have some proof of this dramatic claim.
  • #7
  • Last Post: Apr 28, 2008 12:23pm Apr 28, 2008 12:23pm
I set stop-loss away from "obvious" S/L (at least per my analysis view)If it requires me set a 100 pips SL, I will cut my lots accordingly.besides, I will take R/R into consideration. If set a 100 pips SL for just a 70, 80 pips, I will leave this one, or may be zoom to smaller time frame.regards,Mike
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