Day Trading Stop Loss Strategy! SIMPLE!

Day Trading Stop Loss Strategy that I am implementing into my own DayTrading strategy for here on out. Price Action is king as always and understanding where to place your stop loss is just as important as focusing on how much PROFIT you're going to make.

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***THE LINKS IN THIS DESCRIPTION ARE AFFILIATE LINKS. I DO BENEFIT FINANCIALLY WHEN YOU CLICK THESE LINKS AND SIGN UP WITH PARTNERS. THIS IS NOT FINANCIAL ADVICE. DYOR NEVER INVEST MORE THAN YOU'RE WILLING TO LOSE. DAY TRADING IS VERY DIFFICULT AND PERFORMANCE SHOWN HERE ON YOUTUBE DOES NOT PORTRAY COMMON RESULTS.

[PatrickWieland]

If you're gonna focus on Maximizing your PROFIT and Minimizing your LOSSES this week HIT THAT LIKE BUTTON!!!

[erickfisher]

Going over your old videos and your answering all my questions. Thank you for being so transparent!!!

[hardsignal]

i use 1.5 atr under entry candle works most of the time without stopping me out unnecessarily

[TJB]

Just pumping out the content
I can’t even comprehend how hard you grind

[elyzajayne]

Patrick… I just recently came across your videos and live stream through Bookmap a few weeks ago
I really enjoy your approach and view on the market . I just wanted to say THANK YOU for your taking the time to share as your trades unfolding in the live markets. Keep up the great work, be proud of your accomplishments, the haters and negative nellies well - sucks to be in them. See you soon in the Market Flow Community. Great video !

[xxVictoryx]

Great video... let's see how works out with stop loss tomorrow.

Prob biggest issue in my trading.

Let's go!

[Derricky]

Thanks for all you hard work on grinding out great content!

[patrickH]

My dude, 50% win rate is so hard for 2:1 win ratio.
A 2:1 win ratio means that in a random trade you AT MOST win 33% of the time.
Beginners are lucky to get close to 40% from below. Even professional operators are around 50% with abundant capitals and resources.

I really don't know how serious you are talking about 70% win rate. If you have that you'd literally double your wealth every month.

[maya]

I’m loving this last videos you’ve been making. Great job 👏🏻
Why did you started trading the ES instead of the NQ? Missed that one..
also wanted to know how did you build your strategy? What was your thinking process there. Do you have maybe any tips on building our own strategy?🙏🏻

[lilu]

In future, please talk about how to increase or decrease size of contracts for maximizing profit and reduce the risk. I lost a lot when the trade is against me and I hope increasing size to average the cost but it does not always work and my account is blown up multiple times during simulation.

[sheilanfc]

thankyou it is very helpful i am still learning in the Nusantara fx community class

[fatrodentrat]

I’ve been doing a bit too much entre and hoping on my demo 😂 gotta start learning the best ways for when I go with real money

[jamesesparks]

A great video would be how you determine your targets and how you determine scaling in. Thanks so much Patrick!

[MrCrispy]

Had to give you a sub. Started my trade journey a few weeks ago and just came across your channel. And being overseas right now, your last name is how they think my name is spelled over here. Figured it was a weird universal connection, lol. Hope to learn a bit from you.

[ryannoe]

Seems like the best idea would be to constantly look for SL and TP zones and enter the trade when RR is good - instead of forcing a SL or TP to get the ratio you want.

[elvd]

I need help fellows. Example, With 5 contracts of SPX options, costs $3, 500. What would be a reasonable stop loss amount to risk in the trade? Mental stop does not work for me. I need help.

[ussspirit]

What is meant by 5 handles or 10 handles. Can you please just use standardized terms instead of jargon? Please.

[freegrant]

Question what's the risk of not putting a stop loss n just waiting for the market to eventually hit the supply/profit margin so u can cash in on those gains?

What's the pros n cons to doing this instead of utilizing stop losses?

[Mike_the_Barbarian]

On you 5/10 handle examples giving a 2/1 risk reward, they problem is in the moment of the trade, how do you know its going to be a 10 handle move? (to risk 5). They could have just as easily been 3-4 handle moves.

[mattis]

Hey there, I have been trading for about 6 months now and just about every trade slaps me in my face. Nearly impossible for me to catch more than a few points . I try to do top down analysis and MTF analysis, but it doesn't work for me . I say to myself, clearly I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take(I know, it sounds stupid but I was desperate) and get the same result. I'm starting to feel hopeless, any advice for a struggling trader?