Yes. I use SL al time. It helps me to reduce my loss if my analysis goes wrong. I only take 2% risk of my capital per trade. According to that I set my SL.
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DislikedDear traders, I want to ask you questions about trading: 1. Do you use stoploss or not? 2. Why do you use stoploss and why you don't? 3. How many pips do you use your stoploss? thanks anywayIgnored
DislikedYes I use stop loss as I do short term trading. Usually I don't allow my trade to roll overnight. That's why I need to use stop loss. Otherwise If I fall against the market, it could wipe out my account.Ignored
DislikedYes I use stop loss as I do short term trading. Usually I don't allow my trade to roll overnight. That's why I need to use stop loss. Otherwise If I fall against the market, it could wipe out my account.Ignored