Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. Habits of Moving Stop Loss

Habits of Moving Stop Loss

Discussion started on General Forex Discussion

Print
Pages: 1 ... 49 50 [51] 52 53 ... 79   Go Down

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
This habit is a bad habit because the habit of holding a negative floating position or a losing position is not recommended. You must use a stop loss so that when you go in the wrong direction you will definitely be touched by the stop loss.
#751 - November 15, 2023, 07:17:10 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
I don't like people who always shift or move the stop loss. In my opinion, people like that are people who don't have much self-confidence, even though when you have set a stop loss, you don't need to do anything else, you just have to watch. Is the price hitting the stop loss or is the price hitting the take profit
#752 - November 17, 2023, 07:29:48 AM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Don't always act like that because if we always move the stop loss, which in my opinion is something that doesn't show self-confidence, then you will forever be afraid to trade. If you really want to be a professional, you have to believe in your own knowledge.
#753 - November 19, 2023, 07:05:15 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
The habit of moving the stop loss is a habit that you should not do when you have set a stop loss because when you have a habit like that you will later confuse yourself as to which one is right and which one is wrong. If you have already placed it, you should just leave it alone.
#754 - November 22, 2023, 04:57:44 AM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Shifting stop loss is a wrong activity, therefore it is very important for us to always know how to use stop loss and you must be sure of this method so that you don't always change or move stop loss.
#755 - November 23, 2023, 06:53:49 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
The activity of shifting the stop loss is a wrong activity that you should not do as a trader. When you want to make a profit and want to use good risk, you must be able to use the stop loss correctly.
#756 - November 25, 2023, 03:18:46 AM

Ikhtiar

  • Hero Member
  • Posts: 18278
  • Points: 7264
  • Likes Received: 81
  • Reputation: +2/-0
The way to deal with frequently moving the stop loss is to let it go when we have placed the stop loss, meaning we have to be able to accept whatever happens. Indeed, while we are trading we have to balance it with prayer, because then at least what we hope for will happen, where of course we want to make a profit.
#757 - November 26, 2023, 12:27:22 PM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
In my opinion, this habit will actually cause danger. When you always move the stop loss position, it will make you feel like you are always wrong, don't you feel confident in what you are doing
#758 - November 28, 2023, 04:08:50 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
moving the stoploss is the wrong performance so when you do things like that continuously, I'm afraid it will actually make it more difficult for you to try well, it will actually make it even more difficult for you to get quality results.
#759 - November 29, 2023, 06:18:00 AM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
If you often move the stop loss, it is a big mistake for you because after all, when you move the stop loss it actually makes it difficult for you to open positions and of course it will be very difficult for you to trade safely.
#760 - December 01, 2023, 06:52:23 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Shifting the stop loss is a wrong activity that you should not do when you place a stop loss. Because after all this activity will not make you better, we will make you more serious about trading.
#761 - December 02, 2023, 06:53:44 AM

Ikhtiar

  • Hero Member
  • Posts: 18278
  • Points: 7264
  • Likes Received: 81
  • Reputation: +2/-0
traders who like to move the stop loss so that there is no limit to the trading risk of their account will make quick margin calls. Trading uses a trading system that has been proven to be profitable using reasonable lots so the risk is small. Trading using MM is good, there is SL so there is a limitation of trading risk, you must be disciplined.
#762 - December 02, 2023, 07:19:30 AM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
What I know here is that moving the stop loss is a wrong activity that you should not do as a trader. When you have set a stop loss then you have to be sure of it all.  let market conditions take their course.
#763 - December 04, 2023, 02:57:02 AM

Vernalta

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
When you always try to move the stop loss, it actually won't change anything because when you use a stop loss but your analysis method is wrong, it will still be affected. In my opinion, you have to practice to be disciplined in applying the stop loss that you have set.
#764 - December 05, 2023, 03:07:27 AM

Dyandra

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
It's best not to always do this kind of method because when you are always unsure about the placement of the stop loss you won't know what the results will be. What's important is that when you place a stop loss, when it's touched, you have to be ready when it's hit. You have to be able to accept what's important later.  When you always fail, you can make improvements
#765 - December 06, 2023, 03:24:00 AM
Print
Pages: 1 ... 49 50 [51] 52 53 ... 79   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. Habits of Moving Stop Loss

Members:

0 Members and 1 Guest are viewing this topic.


Habits of Moving Stop Loss in General Forex Discussion_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity: