👋🏻Hey, my dear friends!👋🏻 The weekend has come, it means, that the markets are showing slow activity.😴 👩🏻💻 That’s why I suggest you a little self-development.👩🏻💻
✋🏻Today I want to tell you my thoughts about stop losses.🛑
Some traders don’t use stop loss, thinking that they work wrong and that’s inconvenient. In fact, if your stop-losses are triggered too often, then you set them incorrectly. 📌 For this reason, never try to put stop as close to the entry point as possible. 📌But it’s also not necessary put it too far from entry point, since the desire to “wait out” does not lead to a successful result. Many newcomers have another common mistake - they believe, that stop loss completely prevent the loss of money during transactions. 📎This cannot happen in principle - financial markets have their own rules, and losses here have always been and will be forever. 📌But over time, you can minimized it, by learning and development.💛💛💛 Believe you’ll succeed! Many trading books often teach how to place stops at support / resistance levels. 📌Concept of setting stop loss at significant levels is correct. But at the same time, it can’t be set at the very level! 📌You should put your stop loss above / below the support / resistance level, respectively.
🔍🔍You can find my previous idea at the link below.👇🏻👇🏻
Using stop loss can save you from liquidation most of the time, but the key is choosing the best targets ...
You can find the better targets after being in market for a while ... it needs some experience
You can confirm your profit by using stop loss ... and a lot of other things ...
Its a good thing
Be a friend with stop loss :D
You can find the better targets after being in market for a while ... it needs some experience
You can confirm your profit by using stop loss ... and a lot of other things ...
Its a good thing
Be a friend with stop loss :D