Rules for Moving your Stop Loss to Breakeven | FOREX
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- Опубликовано: 28 сен 2024
- Hello fanatics!
After having 3 breakeven trades this week that later hit take profit, I got inspired to actually introduce a couple of rules into my trading plan about breakeven management. I decided to create this video and give some fundamental tips on trade management, so you can further perfect your trading plan and more specifically - the trade management section of it! I really hope this video will be beneficial and you will have some valuable takeaways!
Trade safe and follow your trading plans with discipline!
Iliya Sivkov
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DISCLAIMER:
This video expresses my personal opinion only. Trading the financial markets involves risk and is not suitable for all investors. Before deciding to invest in foreign exchange or another financial market, you should carefully consider your investment objectives, level of experience and risk appetite. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action, and any trades you decide to place are your own.
#forex #forextrading #forexanalysis
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Thank you Iliya ! I was actually struggling with BE trades
You are welcome bro! I hope those little tips will inspire you to work on your trade management plan better!
😂😂really love how you say hellloooo Traders
It's to get you in a pumped and optimistic mood! haha!
@@TradingFanatic 😂thank you for all you do Iliya
ay thx for the helpful video, keep it up!
Will do for sure! Thanks for the feedback! Means a lot!
Good video and great subject Iliya - this has a lot of value especially market structure - keep it up and I’ll look you up on TV.
Super happy you liked it, Imran! Thank you so much for the feedback!
Got a lot from this video! We want more education like this!!
Super happy to hear this! Will make sure to post more!
Thanks sooooo much, I messed up a 1:12 cos of this. Damnnnnn next week ain't ready
Thank you for this
good simplified information in the video, would you mind to share the trading set up mentioned in the end of the presentation..... thank you
Thank you so much for the feedback! Happy you loved the simplicity! The setups and plans are taught in my private program.
Everyone talks about the end result but noone guides you through it , great video man 👏🏽👏🏽
I love that bro!! Well said!!
U always fix my issues thank you🙏
Thanks mentor I have improved alot
super happy to hear!
As always great content brooo
Thank you so much my dear bro! I hope you are doing amazing!!! Haven't heard from you in a while.
thank you for the detailed explanation
Always welome, Kiran!
Great video, have been looking at my strategy for break even, so really timely video, thanks :)
That is really good to hear! Hopefully you got some inspiration!
GOLDEN!
Yessss! Thank you!
great content as always bro!
Thank you so much my brother Kenny!
Thank you so much really appreciate 🙏
Really happy you loved the video!
Great teacher,thanks bro
Thanks soooo much
Excelente vídeo, muito obrigado!!
Great video! Which broker do you use bro? Seems a bit too much 20% in commissions, considering that you don't hold your trades overnight
Please how do you do the 50% fib
It's just for 50% retracement. Nothing complex!!!
hahays, thats happened to me many times, so irritating situation.
It definitely is!! We have to either try to reduce it or just accept it! I hope you got some tips from the video!
@@TradingFanatic thanks Lliya you changed my mindset how to spot good entry. And the way I treat the market. God bless your channel.
Thank you
You are always welcome!
I've been meaning to ask you how do you draw a straight horizontal line using that line tool. Thanks.
When you draw, you hold Shift on your keyboard. And it draws it straight.
@@TradingFanatic thank you very much for this prompt response
👀🙌🏾
Hope you enjoy it!
HAPPENS TO ME ALL THE TIME MATE
I understand that a lot brother hahha! Let's work on managing our trades better!
It was very very detailed, took my time, watched few times, took my notes, confirmed with the video again. It was a great one. Thank you again and again and again :D. U the best!!!!!!!!!!!!!!!!!
थैंक्स
First comment
Simply the best!
@@TradingFanatic ....❤️
You are awesome 👌
You are awesomer, Salil! Keep it up!
another Steak on a plate. thanks
I love steak! That means the video is bomb! Hope you loved it, Eddy!
@@TradingFanatic of course i love it. 🤩
Let me subscribe bruhhhh
Let's goooo!
💪💪💚💚
this
Haha Eric, you didn't fill your sentence :D
❤️❤️❤️❤️
Missed these videos iliya❤..need more content like this?
Thank you so much for the feedback! I am going to record more once I am finished with revamping my private program!
God bless you I really appreciate your content
Great Video thx a Lot
Thank u sir it helped me alot ❤keep making educational videos and your free videos are helping in my trading strategies alot
15:00 is a gem of an idea! Thank you
Well spotted!!
I'm really learning a lot from your videos. thank you Sir.
I am super happy to hear this my friend! Keep learning!
Lets assume RR 1:1
Im selling at lowest low
And give market to try my highest high ( risk )
If it fail then im winning 50%
They penetrated my stoploss then im losse
Im gonna enjoying that fail actually , to boost my confident
That is a good point. I am not sure if it's good to sell at lowest low though haha! But it really makes sense. Your SL has to be very huge though, but of course it depends on the timeframe.
i like to take 20% off when i move stops to assure i take something from the markets
A really good strategy!!! I usually take a big partial at 1:4 RR
Great contact as always
4:10 manipulated 😀
Thank you 💕💕💕💕❤❤❤❤❤
Hey, Iliya why have you changed from an intraday trader to a scalper?
I wouldn't say scalper. I take 2-3 trades a day. Not sure if that is scalping. I just utilize the lower timeframes to get a pinpoint entry.
Always seems to happen but I'm sure it must be just randomness
We even have to explore randomness, Dave! If it always seems to happen, then something must be done!
This is 👍👍👍👍👍👍👍
Thank youuuu!
Great Topic, great Explanation, awesome Mentor
Always welcome, Marius! I hope you got some insights on breakeven managemenet.
Amazing tips thank you .. Iliya Sivkov THE BEST
Thank you so much for the kind words, Ahmed!!!
Definitely has been happening alot with my smart money strategy.
True that! We have to work on trade management more!
Thanks Ilya!!
You are always welcome bro!
Good
Thank you!
Hello iliya good day. Thank you for these wonderful content you put out here, am greatful to God and to you for existing. Your videos really change the way I see the market and I know it's going to change the life of me and my family.
Am grateful man🙌, keep the good work up. God bless you🙏
Thank you so much for this filled with love comment, Adebayo! I really appreciate hearing that and keeps me pushing! Keep up teh amazing work my brother!
@@TradingFanatic thank you boss😊
Hello please can show me how to use the RR tool to show in dollars $
I always got stopped out and it's saddening
100*undread***
Absolutely crucial video!!!
Yesssss!
hey! nice video. Can you share the link of the tradingview profile? Just found one with your name and photo but has nothing posted on that :l
Thank you so much! Here is the link: ruclips.net/user/redirect?event=video_description&redir_token=QUFFLUhqbWV5NG9yaEpMT29tQU1LSE5HZDBwRzR1QTlQQXxBQ3Jtc0ttVGlndnVSSEh4em1sR3pxNmNxVng3ZlVUbVAtY05pRzBXZ2U3WEJTWjVmUjNSel8yYUhYcm1ta25vWkJMOGJaVnBwQ2g1T2hUcnJ1cEMzYmhqSXlKNGdxSjVPS3oxT1ROZ1JaUHNtSFlPanc0SkNEMA&q=https%3A%2F%2Fwww.tradingview.com%2Fu%2FTradingFanatic%2F
Thank you Iliya. I never used to know that it is until a bos then I can confirm a valid low/high for moving my Stop losses. Thank you!!
Quick question? Is the sl management on the same entry timeframe?
Great question, to which I do not really have an answer to. Stop loss management is personal to every trader. I personally try not to manage my SL at all, becayse the moment I manage it - something happens haha. So when you take a trade, accept it and let it play out, without choking it. I'd say I would go breakeven only when the market is very close to my Take Profit or has absoutely no reason or sense to return back to my entry.
needed to watch this, didn’t have rules for SL and i would get stopped out early just to watch the trade hit TP😭😭😭 thank you!!
Glad to hear you are learning. That's all I need to hear.
Ohhh fanatic
Happened to me multiple times lol great content thanks 🙏
Always welcome bro!! Yes, Breakevens really suck!
I salute you general for much love and care for giving brilliant lessons
Thanks lliya, I have been violating that fifth rule
It's time to take a step further and start following it brother! let's put it into the plan!
Thief
Amazing Video fam. Thanks for this.
Always welcome David!!
This Is A Video I Will Be Studying Thank You For This!
Amazing to hear this! Keep studying and make sure to apply the newly learned knowledge onto the charts!