Stoploss Again!! - page 2

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Just some video related to this subject:


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Something Interesting in Financial Video June 2013

newdigital, 2013.06.07 08:41

Are You Using Stops To Manage Your Trades?

Join Brian as he talks about the order that lots of people forget to enter: the stop order. Brian will go live in the markets, placing orders and using stops to manage the losses on long and short term time frames. A special segment will be devoted to trailing stops, an order execution strategy that can be misused.

By the way - we are having this thread Trading without a stop loss to discuss this subject (trading without stop loss). besides,Brian is taking about nfp on this video ... and we will have nfp today: 2013-06-07 08:30 GMT | [USD -Non-farm Payrolls] so - just watch this video.




 
The stop loss level is a level that invalidates the idea you have about what price is going to do next. But because nothing is certain in the markets, a stop loss isn't always the best choice, but we need to manage risk. No stop loss can either mean excess risk or limited profit (considering you'll use very small risk per trade). You need to consider what's your strategy and risk tolerance. Day trading or scaling without a stop loss is very risky in my opinion. But you could still use a very large stop loss and adjust your risk per trade. That, of course, compromises the potential profits.
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