stop loss for daily - Page 2
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Thread: stop loss for daily

  1. #11
    Quote Originally Posted by ;
    you are right, 300 isn't much to begin with. Since I am new 300 is ideal. And also I don't mind losing it all, such as they say, use the money that you can lose in fx.
    Thanks
    If you don't mind loosing them, give them to charity, it's not much but... I think if you say that those are money that you can lose... you will lose them, you won't care about a trade. Consider these money like they are everything you've got, well, I exagerate a little bit, but you get the idea.
    It is safe not to use all you savings, but it's crazy to do so, but you must have respect for the money that you put in a fx accout. That's my view.

  2. #12
    Dof is correct about it. If u treat that 300 like it is all u will invest in FX and mean to never lose it will pay very strict attention to your money management. This is where the real money is. I saw at a video somewhere that need at least 1000 trades before u even begin to understand trading. Poor money management w/ 300 willl not even get un shut.

    Quote Originally Posted by ;
    If you do not mind loosing them give them to charity, it's not much but... I believe if you say that those are money which you can lose... you will lose them, you won't take care of a trade. Consider these money like they are everything you've got, well, I exagerate a little bit, but you get the idea.
    It is safe not to use all you savings, but it's mad to do so, but you must have respect for the money you put in a fx accout. That is my opinion.

  3. #13
    50 pips is enough to Get a stoploss on daily chart.reason being you arenot using the daily charts to Get into the Transactions but Reduce time frames.and Because You are entering with trend then the price Will Likely be moving off from your stoploss not towards It.

  4. #14
    Quote Originally Posted by ;
    Do you guys believe a stop loss of 30 pips when trading on a daily is fair? Bout 40 pips with a path stop of 30? I want to start with a deposit on live. I want to be certain my losses are not too harmful for my small starting account.
    Hi,

    my idea is that unfortunately 300$ to start is a very small amount, and is nearly impossible to move. But if this is what you can, play very little amounts per trade, like 0.25 $ / pip and start from there.
    I say is a tiny amount because when you'll be making nice 50 pips for example and you'll notice you earned 12.5$ won't be quite big deal

    For stops depends on your way of trading.

    I don't use stops, unless use it to close 'even', once im currently in profit.
    I dont utilize stops cause my trades are not very high, so that I let a lot of space in the space before close the door

    Thanks,

    ciao

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