Stop From Deeper Loss

I don’t understand why a trader could be convinced of not having a Stop Loss while we see almost every volatility in the market. As it tittle the Stop Loss are capable to Stop you from deeper Loss!

There is no specific rule as to where you should place the stop loss, so consider the below mentioned tips as the general rules and ask your mentor to fit reliable Stop loss rules just for you and your trading system.

Don’t be scared of placing a stop loss while it is for your gain and you must know what your profit objective is. Try to not to risk more than the points of your profit goal.

Pro traders recommend to only take those trades which have at least 2 points of potential profit per 1 pip of potential lose, but it is completely depends on the money management system that you use, as different money management systems has different recommendations for Risk and Reward.

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