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Old 08-03-2011, 04:27 PM   #41

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Re: Stop Losses: Help or Hindrance?

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Originally Posted by ME2 »
Thank you for your time. I am a trader who doesn't use stop losses, because I never know where to place them. I intraday trade, and sometimes I see where they would get stopped out if I'd placed them below this candle or above that one. Does anyone have any practical tips for placing stop losses?

The stop-loss use is a choice that a trader must do before open a position.if you are a scalper depends which time frame used,and how during your trade, usually.the traders that don't use stop-loss are awareness to the consequence and the dangers and don't like use it.but its also true that not ever is simple close the trade without saw the loss far away.if you really want use stoploss ,i think that you must do some weeks of demo.you can start to use a time frame to 5 or 15 minutes,and decide to put the stop loss not so tight.in this way the stoploss don't close too much early your position.If you don't are a scalper but you work with a more wide breath,you'll use stoploss with more flexibility.
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