4 Mistakes With Your Stop Placements (AVOID THESE AT ALL COSTS!) 💵
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- Опубликовано: 12 июн 2024
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4 Common Mistakes With Your Stop Placements. Are stop loss orders a good idea? How tight should stop losses be? If you are going stopped out too frequently or we are giving away too much it is mostly because of these things. There are a lot of mistakes traders make when setting stops... Here are a few of them. OK.P
4 Stop Loss Mistakes To Avoid
1. Stops too tight
2. All or nothing
3. Stop too wide (can't size up)
4. Placed where everyone else sets stop
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Thanks so much Mark, I was always getting stopped out with "predictable" 1x ATR or 2x ATR stops, even though I picked the correct direction most of the time. Infuriating. Much wider stops work much better for me. Yes yes YES at 6'34" - - reward doesn't have to be higher than risk in your reward:risk ratio .. this is how I'm trading now and with a good win rate, my system has a positive expectancy. Thorough backtesting is super-important. Thank you and keep the great videos coming. You've helped me enormously. Cheers, Ron.
good point. what do you trade? how do you avoid these huge losers that wipe out all your positive balance?
You are one of the best trading gurus i have seen. The same class as Mark Douglas.
best trading channel in youtube!
Tight stops- Death by a thousand stops.-for masochists only Wide stops. Death can come more quickly. No stops. Danger of electrocution.. Seriously though as a fairly new trader I have found that backtesting a stop loss technique is as important testing the trading method. My own preference is now based around a moving average-but each to his own. My main trading goals . Life preservation. Maintain my sense of humour no matter what.
This is a very informative video, thanks!
Thanks for the remarks on point 4
Great content Mark, thank you.
Another quality video from a really humble and passionate trader/teacher.
One of the best traders.. Good luck
Probably the single most important topic regardless of what market you trade. Thank you Mark again!
Please keep posting different variations on this subject, it's never enough.
P.S. and Mark, please give us your take on using ATR combined with price action structure when placing stops.
Such a value from this channel. Keep up great work! 🙌🙏
Thanks Mark :)
Nice one
Nice digression.
Thanks Mark , but what if my setup build on a tight stop , with high Risk to reward ratio then my tight stop keeps me with trade when it goes to direction i want , i test it and practice it for long time and it doing much better for me than wide stop,
HI, thanks for this video, very helpfull, i paper trade this in a range enviroment an has 69% profit hit rate over 100 tardes, but on trending markets isn't that good. Maibe is better wait for a pull back to enter after the break out.
In any case, I dont prefer wide stop loss. If you have to put your SL wider, It means you must wait a little bit to let the price come to the place you wish(avoiding Fomo). Dont forget there will be opportunities in near future. Otherwise, i dont believe making profitable money possible.
I have the same strategy
I have one question, how to hold if getting profit and when to exit? Thanks
Check some of the videos here ruclips.net/user/ukspreadbettingsearch?query=profit%20taking
How my losses occurs. 1) being wrong, i try to "save" my bid by insisting in the wrong direction. Then the market stays against me until i can't stand it no more. So there is a major mistake it's being wrong. I don't care about stop loss, that's gambling : If i'm sure, i will widen the stop. It's because i'm sure that mistakes occurs, for example i'm sure of a pattern : 90% of the time it's wrong. I'm so sure that i think, oh, easy money, how easy it is omg, man, trading is sooooo easy. ahhhh the whole market is sooo obvious omg ! free money !
Wider stop losses means less losing trades, the market will reverse
Stop losses hurt my account two days ago
No one places their stop at the highs or lows especially not retail, they all fade the breaks all the time just look at broker data and myfxbook positions.