What you think about using SL ?

[ReggieFx]

Setting a stop loss is an integral part of successful trading. However I think it is ridiculous to set a stop loss of 10 pips because minor fluctuations can close our order. if we place a stop loss very near like 10 pips or 15 then a good order can be closed with a loss. I prefer to place a stop loss at least 30 pips away and usually place it from 30 to 80 pips depending upon the trading strategy.

 

[Jessie]

Setting a stop loss is crucial for successful trading, but placing it too close, like 10 pips, can lead to premature exits from good trades. I recommend setting stop losses between 30 to 80 pips, depending on the trading strategy, for better protection.

 

[Mishra_86]

Stop-loss (SL) is essential for risk management, as it helps protect your capital by limiting potential losses in volatile markets.