The Disciplined Way To Move Your Stop Loss Order
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- Опубликовано: 31 май 2024
- Have an open position that's making a profit? Thinking of moving its Stop Loss so that no matter what you won't lose any money? Think again.
This is one of the many mistakes traders make when they experience the rush of having a winning position and feel like they're on top of the world. The actual facts are that traders in this situation often abandon their initial analysis and miss out on more potential profits.
Why does this happen? David explains that the market never moves in a straight line and needs enough time to reach the targets we might have set. The frequent pullbacks within a trend are one of the main culprits for triggering Stop Loss orders, especially when you move them closer to the current price.
This video focuses on the circumstances in which this happens and highlights the importance of discipline and the correct mindset when it comes to moving - or rather not moving - your Stop Loss.
At Trading 212 we provide an execution only service. This video should not be construed as investment advice. Investments can fall and rise. Capital at risk. CFDs are higher risk because of leverage.
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Another slap to my face video :D , thank you. Personally, I think discipline is way more important than strategies. But unlike learning technical trading which most of us find it easier, to be discipline is harder to do. It is more like molded attitude and requires a lifetime training
I found myself doing this today and this happened exactly. I guess i was a little to fearful instead of trusting the trend. Thanks I needed this!
David - it is a very good point. As soon as I see a profit I want to bag it, also I always put my stop far to close and get stopped out only to realise the rally was starting to happen....
I think the approach in the video is so true because if trader will move stop loss to entry quickly then in the first loss trade he will need many winning trade to cover his one lost
Great logic. One could put their stop loss just below the previous higher low then walk it up once another higher low is set.
Love your videos Trading 212. As always, decent quality and clarity.
Discipline along with controlling your emotions.
This has happened many times to me. Now i take a little profit on 25 percent of trade while leaving stop . This reduces my loss and locks in a bit of profit . It also gives me cash so I may buy in again at dip
perfectly explained as always! Thanks David.
Mate the only think I will say is keep doing the good work, I'm learning from you, thanks for all the videos you did
Great points. Thank you!
thank you so much, this idea helps so much thank you 👏👏👏
Great vid! I learned after getting frustrated at getting stopped out too soon to give it leeway. Also,..when I determine at stoploss point, I usually go a bit more to avoid sneaky manipulators who count on common levels , heehee. Another thing I've learned is IF you use unsettled credit to buy be careful of stopping out and triggering a 'good faith' violation. Cheers!
Nice and very essential topic Sir. Thank you
Thanks for uploading this. One thing I would like to say is to see carefully where the next support is. Because the reason I set my stop loss at 1.2960 and thus was willing to lose 40 points was because 1.2975 was a very strong support. Now if the price jumped to 1.3040, it would only make sense for me to move my stop loss to 1.3000, if the next strong resistance (which is now a support) was at around 1.3010 right?
One question I have is what is the % increase at which you would revise your stop loss? Is it for every additional % increase as same as the % difference between your buy-in price and initial stop loss, which is 40 points in this case?
Great vid as always :)
Hello David as a newbie to Trading what you have talked about I agree with you and will definitely practice it
Great content, learn alot in the past few days
Thanks for this.. Actually, the way to move the stoploss, it will be up to the next upper support or at the buy price automatically ?
Great advice and videos, I've learned a lot from you in the last few days, thank you
Awesome thanks
Thanks so much Trading 212. This video is very helpful for me. I have been wondering how to set stoploss perfectly and then I found your video. I got it. I believe that I will be a successful trader after watching it from you. Thanks again!
Excellent video 👍
Great idea David!! I have question .Is intraday tarde can make money on regular basis?
Hahaha, I just remembered your earlier videos saying scared money never wins. This applies to this as well. Hahaha
I see myself here. I was right with my predictions but instead I lost a lot of money because of too hasty stop losses.
It's very useful
Great video, was able to identify plenty of mistakes I did this week by setting my stop loss too tight and getting taken out to just have my picks rally the next day.
Is there a video on setting up stop losses when a stock hits resistance and not losing momentum?
Hi Juan, you may watch these videos covering the Stop Loss orders:
Where to Place Your Stop Loss Order - ruclips.net/video/KQW2x86BH1U/видео.html
The Disciplined Way To Move Your Stop Loss Order - ruclips.net/video/hkKwPn56vm0/видео.html
3 Tips For Stop Losses - ruclips.net/video/nZeavIuaXrA/видео.html
I put stoploss but i just let go for the BIG win rally
what about if u buy two trades of 0.01 at 1.300 and one you move the stop loss and the other one you leave
is that a good strategy
1:00 If markets went back in time then we'd all be rich!
Discipline and stragety should go together and is there any studies of market movement?
hi david, are you also a fan of putting 1 or 2% stop loss?
Is using a 14 day ATR a good idea?
Great video, can you guys trading212 make a video on how money management can be used thanks 🙏
The psychology of this says that they were never really 100% accepting of the 40 point risk! ACCEPT THE RISK lol :-)
Makes sense
Hi do you have any advice about risk:reward ratios/ where should i be setting my top loss in comparison to my take profit?
Hi Safsum, you may find this video helpful - ruclips.net/video/A06ep5I7i6M/видео.html.
What if you do a partial sale at 1.3040 at half hand portion and keep your other half to the way up? That would lead your average entry point at the original stop loss at 1.2060, instead of moving up your stop loss you just bring down your entry point
Sure, that is one way of doing it - to scale out of a position.
What about switching from a stop to a trailing stop instead of moving the stop loss up?
Yes, I think that is a very good idea and do it myself, so I don't have to monitor it too closely when it is moving the right way.
maybe you can stop loss on percentage like example 15% on stop and 20% on stop Loss. What do you think?
Hey David how are you am from NYC trader I wanna know if you live n unite state
I wish you make one more video on moving stop losses and multiple target points with more details and rules.
Hey, there! We appreciate your suggestion and will forward it for consideration.
Why not take those 20 of profit, close that trade And then open a New trade when and if it Trends the direction you want?
Great one David following you from India 😉, would you want to do some live session which is crucial for traders to aligned to bring some discipline
Thanks for suggesting this, Nagesh.
Agreed :)
Do you set your STOP LOSS order in the market? I heard it's not a good idea because machine trading will STOP you out. Mental stop losses only? Isn't that really dangerous?
I like to buy up good beaten down stocks as low as possible.. I go long with it and sell some if the rebound is good enough... Any sell down is the best buy for me as l know it is the bear market now.. I know l will be well reward when the bull return.. I like to thank those who hammer down the stocks for me to buy.
NEVER...!!!!....move a stop-loss to break even, you are reducing the average profit per trade if you do. If you are prepared to lose a certain amount and make a certain amount, then that is it......DON'T TOUCH !!!.......if any of you are doubting what i am saying then just press the buttons on a calculator.
💯Right! That's why Risk management plays a role!
Good Call.
You believe keeping your stop loss at the same price constantly in a trade is a better idea?
Thats an interesting opinion.
So you personally take profit at any predetermined price and dont let your winners run then? Because you cant "let winners run" without moving the stop loss.
So you trade specifically based on whichever profit level you believe it will go to and you take profit.
Stop losses aren't used in those trades. In those trades you just sit there. Stop losses and moving them is normally used when you are trailing the trade and trying to get as many ticks as possible in your favor.
So obviously....never move your stop loss..unless you are specifically trading in a way that requires you to do that.
Would you agree?
I would have put it at 1.299 then... easy.
Trailing stop loss
When are you coming to america?
Hi, Brad. In case the opening of Real Accounts with Trading 212 becomes available for US residents, that is going to be announced.
Why not take those 20 of profit, close that trade And then open a New trade when and if it Trends the direction you want?