👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money. 👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @). 👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
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.
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! 🙌🙏
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.
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.
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,
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.
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 !
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.
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
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.
Another quality video from a really humble and passionate trader/teacher.
best trading channel in youtube!
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! 🙌🙏
This is a very informative video, thanks!
One of the best traders.. Good luck
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.
Great content Mark, thank you.
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.
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,
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
Nice digression.
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.
Thanks Mark :)
Stop losses hurt my account two days ago
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 !
Nice one
I have the same strategy
Wider stop losses means less losing trades, the market will reverse
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.