Forex Zone - Forex Forum

Habits of Moving Stop Loss

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 62283
  • Points: 617
  • Likes Received: 57
  • Reputation: +53/-46
Shifting the stop loss is the wrong thing because when you trade forex you should have determined the use of the stop loss with the risk management that you set if you change it again then you will not be confident.
#781 - January 05, 2024, 06:29:23 AM

  • Hero Member
  • Posts: 63898
  • Points: 290
  • Likes Received: 99
  • Reputation: +18/-46
Shifting the stop loss is a wrong activity that should not be done as a trader. When you do it continuously, it means you don't have high self-confidence and this will prevent you from feeling a positive impact.
#782 - January 08, 2024, 05:56:28 AM

  • Hero Member
  • Posts: 15541
  • Points: 417
  • Likes Received: 31
  • Reputation: +2/-0
What is certain is that in my opinion we have to wait patiently for both when we are going to take profit and when we are going to stop loss, because when we make a stop loss it means we already have a commitment. Waiting for the market to move when we have placed the order is a natural thing.
#783 - January 08, 2024, 06:54:33 AM

  • Hero Member
  • Posts: 62283
  • Points: 617
  • Likes Received: 57
  • Reputation: +53/-46
I don't recommend moving your stop loss because I think that's a mistake you should avoid.  So in this case you have to be active to be a correct trader and always place stop losses in the correct circumstances.
#784 - January 12, 2024, 03:10:46 AM

  • Hero Member
  • Posts: 63898
  • Points: 290
  • Likes Received: 99
  • Reputation: +18/-46
The habit of always moving the stop loss is a bad habit when you are always like that. In my opinion it will make you unable to focus on executing trades properly because you will confuse yourself later
#785 - January 15, 2024, 12:48:10 AM

  • Hero Member
  • Posts: 62283
  • Points: 617
  • Likes Received: 57
  • Reputation: +53/-46
The habit of shifting and moving the stop loss may not be wrong, but when you do it often and don't do the right activities, it will make your confidence fade.
#786 - January 16, 2024, 03:53:40 AM

  • Hero Member
  • Posts: 63898
  • Points: 290
  • Likes Received: 99
  • Reputation: +18/-46
the activity of shifting the stop loss is the wrong activity, this kind of activity should not be done because after all moving the stop loss is an unreasonable action
#787 - January 17, 2024, 04:17:48 AM

  • Hero Member
  • Posts: 62283
  • Points: 617
  • Likes Received: 57
  • Reputation: +53/-46
make it a habit to always not move the stop loss because when you move the stop loss it will make it difficult for you to do the right job and this will prevent you from doing more intense or more serious trading.
#788 - January 18, 2024, 04:50:13 AM

  • Hero Member
  • Posts: 15541
  • Points: 417
  • Likes Received: 31
  • Reputation: +2/-0
If we want our trading to be good, then get rid of the habit of moving the stop loss, we just have to follow the trading plan that we have made, in fact, we as traders must be able to organize and manage the way we work because usually we have already made the stop loss. know the risks.
#789 - January 18, 2024, 12:05:37 PM

  • Hero Member
  • Posts: 62283
  • Points: 617
  • Likes Received: 57
  • Reputation: +53/-46
In my opinion, this method is the wrong way. When you have set a stop loss, you cannot change it again. What is important here is to focus on trading with what you have got for yourself, which is really important.
#790 - January 20, 2024, 12:30:59 AM

  • Hero Member
  • Posts: 63898
  • Points: 290
  • Likes Received: 99
  • Reputation: +18/-46
Always moving the stop loss is a wrong thing to do as a trader and you should be able to focus on this to be more advanced in trading.
#791 - January 22, 2024, 05:48:58 AM

  • Hero Member
  • Posts: 15541
  • Points: 417
  • Likes Received: 31
  • Reputation: +2/-0
Do not move the stop loss. in every trade you must continue to be disciplined with the rules that have been set, don't let your emotions influence you in trading, because when you move your stop loss it means you are emotional
#792 - January 22, 2024, 06:47:39 AM

  • Hero Member
  • Posts: 62283
  • Points: 617
  • Likes Received: 57
  • Reputation: +53/-46
Moving the stop loss is indeed one of the things that is wrong that you shouldn't do, however you have to be sure about it, you don't have to change it.
#793 - January 24, 2024, 12:28:32 AM

  • Hero Member
  • Posts: 63898
  • Points: 290
  • Likes Received: 99
  • Reputation: +18/-46
Every time you always move the stop loss it is the wrong action to do and it is possible that you are not confident in your own system
#794 - January 25, 2024, 06:39:44 AM

  • Hero Member
  • Posts: 62283
  • Points: 617
  • Likes Received: 57
  • Reputation: +53/-46
moving the stop loss is the wrong part that you should not do as a trader moving the stop loss carelessly it will actually reduce your probability of success
#795 - January 28, 2024, 12:50:45 AM

Members:

0 Members and 1 Guest are viewing this topic.