Friends
Traders often get confused about stoploss and where to locate it.
keep stoploss at a point where your reason for entry disappears.
if entering a short trade,know where downtrend ends and keep your stoploss at that point.
if price crosses that point price enters uptrend as downtrend is over.
justify your trade by risk level-you can afford or not.
most cases
for intraday trades a stoplossBELOW PRICE BY A DISTANCE of 1.5*ATR(10)
OR 1.5*ATR(15) WILL DO.
STOPLOSS AND TARGET ARE 1:1 FROM ENTRY for new traders .
POINT TO THINK
RR =REWARD/RISK =1/0 =INFINITY
IF STOPLOSS IS AT ENTRY ITSELF(MOVE IT ASAP)
Traders often get confused about stoploss and where to locate it.
keep stoploss at a point where your reason for entry disappears.
if entering a short trade,know where downtrend ends and keep your stoploss at that point.
if price crosses that point price enters uptrend as downtrend is over.
justify your trade by risk level-you can afford or not.
most cases
for intraday trades a stoplossBELOW PRICE BY A DISTANCE of 1.5*ATR(10)
OR 1.5*ATR(15) WILL DO.
STOPLOSS AND TARGET ARE 1:1 FROM ENTRY for new traders .
POINT TO THINK
RR =REWARD/RISK =1/0 =INFINITY
IF STOPLOSS IS AT ENTRY ITSELF(MOVE IT ASAP)
