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how to control losses - page 2

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whiteking
205
whiteking 2017.03.15 00:40  

I am only use stop loss to control the risk, and often look on history price on low and high on certain timeframe to determine stop loss

but sometime also work with tight stop loss and small target depending with style if scalping will tight but if swing will larger‌

Romell Basilan
335
Romell Basilan 2017.03.18 14:50  

Hi everyone, I am not against of using stop loss but I never used it since I started trading currency.

The indicator that I use is BB and EMA only and noting else.

I have a trading rules in my ENTRY and that's all I need. If the price falls into my rules then that's my ENTRY point.

Exit can be predetermined by setting TP evel or I do it manually.

I trade only on H4 and above time frame. Less number of trade but yet profitable.

I maintain 3 account in 3 broker. All account are interconnected to my trading activities. That's part of my hedging strategy.

My target is to maintain 95% to 100% winning trade for my 2 accounts which is possible if you will not use SL on your trade.

Happy Trading Everyone....

whiteking
205
whiteking 2017.03.20 00:18  
I have read some trader they trade without stop loss and work comfortable during trades, but I think also need strong margin and low lot size to calculating level risk, might different strategy each other and not same, there are some suggestion for newbie learn better use strict stop loss to increasing opportunity
Waseem Raza
8205
Waseem Raza 2017.03.20 09:11  
Romell Basilan:

Hi everyone, I am not against of using stop loss but I never used it since I started trading currency.

The indicator that I use is BB and EMA only and noting else.

I have a trading rules in my ENTRY and that's all I need. If the price falls into my rules then that's my ENTRY point.

Exit can be predetermined by setting TP evel or I do it manually.

I trade only on H4 and above time frame. Less number of trade but yet profitable.

I maintain 3 account in 3 broker. All account are interconnected to my trading activities. That's part of my hedging strategy.

My target is to maintain 95% to 100% winning trade for my 2 accounts which is possible if you will not use SL on your trade.

Happy Trading Everyone....


Without your limits and setting goals in trading you can not survive for longer, World running in uncertainty situation anything can happen anytime so you must set a basic protection always. 
Romell Basilan
335
Romell Basilan 2017.03.20 09:17  
Waseem Raza:

Without your limits and setting goals in trading you can not survive for longer, World running in uncertainty situation anything can happen anytime so you must set a basic protection always. 
That is the reason why we need to plan entry. Entry that would result profit or BE at least.
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