efficient stop loss

If you need to know what will happen, how do you trade?

Are you being pedantic for no reason?

@longandshort why do you post here anymore? The site is full of bums who are looking for handouts but wouldn’t realize if you handed them a 100 dollar bill.

 

The guy is a bozo. Ignore him.

 

Why do you post such blatant nonsense.

Who's asking for what will happen at all. That is my point. Geez read much.

 

Are you 100 percent technical?? The answer seems pretty obvious

 

Let me introduce you to suntrader, a chartist who likes to make fun of “funnymentals”.

 

@eleanorK80 In my trading approach, I carefully choose a stop loss level that aligns with my risk tolerance and profit targets. To refine this, I often test the strategy in a demo account first to get a real-world feel and assess market conditions, Also, I keep a check on my past profits so even if something doesn't work my way, I should have some balance to feel confident about. Talking about the demo account I have used platforms like aaafx and pepperstone. I checked their conditions and even reached out to support for more clarity. You can also try the same for yourself.

 

because you made the specific point to an illustrative example. If you are going to argue pedantic points, at least use some logic.

 

Funnymentals don’t work because you can’t know the future but charts do because you can’t know the future.

 

@eleanorK80

I daytrade futures for metals and energies and I analyze/change stoploss values weekly due to changes in market structure and volatility. You have to find an initial stoploss that is larger than the noise of the instrument you are trading and the maximum stoploss would depend on your risk tolerance and profit targets like @sameera says.

toucan

 

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IT varies, like a repeating pattern. On cash metals trading business, dont use stops ,its more of a somewhat bid/ ask profit.
Even though risk management[expenses,stops etc.....] is real important; profits are more so.
Sure could blow up on risk management errors, but best risk management would not auto insure a profit.
Post # 3 helps; a lot of trend study on SPY..........trends helps a lot. Patterns, posts can repeat.
Stock Traders Almanac helps with ETFs, major markets.
Giving helps a lot, dont need a Robin Hood Foundation or Bill + Melinda Gates[MSFT sector] Foundation, to do giving well. Good question