In my opinion, I feel there is more to stop loss than a specific formula. It can never replace or be used as a substitute for good trading and one should decide based on many factors. For example, placing your stop when you feel that the market would before a major news release
Stop placement will depend on the strategy and your tolerance of Draw Downs. This guy has some good points for scalping. Disclaimer: I post his stuff a lot here, so I don't want people to think I am pumping his stuff or insist on this method ... It's just that his stuff is very relevant to the way I trade. Just sharing a perspective I agree with. Hope you find it useful.
It is simple for me- you set a few rules to execute your stop loss order, and over an extended period of time you test its performance against an alternative choice or no application at all. The statistics result will decide what your should follow in the future.
I'm sure you two will have a great time! I noticed you have already decided where to get villa. Have you already been there? How did you find this place? I'm going to Goa next year, that's why I'm interested. Usually I find all necessary info for my trips on https://travelsites.com/, but it would be great to read about real people's expereince. Thanks in advance!
This is exactly what I've experienced in the E-Mini markets. Position size has a huge impact on the factors going into the stop loss placement. When I am dealing with 4 ES contracts, my stop is pretty close to market....and most times I am stopped out. With 2 ES contracts, it's quite different....I do pretty well with a higher win percentage (60%+). Diversification is something I have not pursued...sometimes I'm in a position with both ES and NQ...sometimes in opposite directions. Not enough trades like this to make an inferences.
Is 50% away from the actual price far enough? You will surely feel lonely and you will probably never get stopped out. But when you get stopped out you will really understand what lonely means. As nobody will help you out.