Great Tips on Where To Place Your Stop Loss! 👍

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So where do i put my stop?
1) Under Support - putting a stop just under support is not a great idea as you can easily stopped out - your stop need to be well under the support.
2) Range Based
3) Time Based

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[jle]

Place it where if it gets stopped then the market is more than likely to confirm failure of direction

[spaceoddity]

alway, always, always use a stop. no stop = don't trade. can be wide. can be genous. but always have one. under support level.

[Julian-vjgr]

This guy is solid. He even references Wyckoff springs & upthrusts

[tobiewolmarans]

This is the best explanation I can find about Stop Loss setting. Thank you👌

[rediyusputra]

i watched all of videos in this channel, it is MIND BLOWING things!

[ТрофимГеворгян]

Looking forward to have a financial freedom

[FighterFred]

My experience is stop = guaranteed loss. So we need another way to limit losses, such as hedging and scaling out.

[ecommasters]

Great explanation mate. Awesome stuff. Some ideas I already knew but it's given me a better perspective, all taken on board cheers.

[kyle]

Some adviced not to use a SL because the MMs gonna see where your SL level is and hunt you down eventually. Is it true? Why not ask yourself a question, how much lot do you trade? MMs gonna purposely hunt you down even if you are just trading 1 pity lot? That's doesn't make any good sense right? If you got taken out too many times, you need to review the level you put your stop, which most probably you put them at the level every other newbies does. What should you do next is to put it farer away from those obvious level, not stop using SL entirely.

[nickarry]

i'm a new trader and find that my stop loss is wide - over twice as wide as my take profit, but it needs to be because the market fluctuates, a market was rising and i was asking £75 profit with 1000x100 and stop loss was set to £250 and the market suddenly bombed and took me out, the next minute it rose again and soon surpassed where my profit was set, i lost the profit of the last 4 trades in 1 loss... but if i don't set my stop loss wide i'll never make my profit line most times because it's all over the place on it's journey up. i've stopped using SL but i'm aware from all smart sources that it's always a bad idea, even if i'm monitoring it. So i'm learning how to manage it

[cbadams]

put your stop where you want to give it to the MMs - its that easy :)

[aashaash]

love your videos and to be honest, you have a very professional face.. you know what I mean, haha.. like just by seeing you one can say you're a very professional guy..let alone talking..
Guys like you make me respect humankind.. Thanks for the video, cheers!

[sw]

Just remember the market maker can see all the stops and may well choose to process sales ahead of purchases to wipe out all the stops before letting the price rise....

[TH]

Hi, thanks for this excellent video. I have a question here: what type of stop-loss order we should do in stock trading. Should it be a stop-limit order or a trailing stop loss, should this be a day order or a GTC order? Here in Canada, we can only do a stop loss a day order or GTC, and when the market opens much below your stop loss on a piece of bad news, where should we stand? I hope i have been able to explain this.

[JamesSmith-dshi]

IM CONFUSED! For example, if you have an account with £1000 balance, and you risk 2% of your account for a trade, which is £20 and you use a lot size of 0.02 (which is 20p per pip movement. If you have a stop loss which is more than 100 pips, and you hit your stop loss, then surely you would be losing more than £20. So you are losing more than your 2% are you not?

[JeffMooreTM]

Thanks for the really great points on where to place your stop loss. This was a really good video, keep up the great work!

[fxb]

Very well explain.. Not showing himself as GURU

[SALTYTOAD]

So do I have to set a stop loss on all of my stock every day, for example 10% below the current market price? Essentially, there should never be a time where any of my stock doesn't have a stop loss order placed?

[carlonadres]

this is hands down one of the best trading channels. you give such great value to all your viewers. thanks a lot!