đđ»Hey, my dear friends!đđ»
The weekend has come, it means, that the markets are showing slow activity.đŽ
đ©đ»âđ» Thatâs why I suggest you a little self-development.đ©đ»âđ»
âđ»Today I want to tell you my thoughts about stop losses.đ
Some traders donât use stop loss, thinking that they work wrong and thatâs inconvenient.
In fact, if your stop-losses are triggered too often, then you set them incorrectly.
đ For this reason, never try to put stop as close to the entry point as possible.
đBut itâs also not necessary put it too far from entry point, since the desire to âwait outâ does not lead to a successful result.
Many newcomers have another common mistake - they believe, that stop loss completely prevent the loss of money during transactions.
đThis cannot happen in principle - financial markets have their own rules, and losses here have always been and will be forever.
đBut over time, you can minimized it, by learning and development.đđđ Believe youâll succeed!
Many trading books often teach how to place stops at support / resistance levels.
đConcept of setting stop loss at significant levels is correct. But at the same time, it canât be set at the very level!
đYou should put your stop loss above / below the support / resistance level, respectively.
đđYou can find my previous idea at the link below.đđ»đđ»
Stay with meâđđ»
Your Rocket Bomb đđŁ
The weekend has come, it means, that the markets are showing slow activity.đŽ
đ©đ»âđ» Thatâs why I suggest you a little self-development.đ©đ»âđ»
âđ»Today I want to tell you my thoughts about stop losses.đ
Some traders donât use stop loss, thinking that they work wrong and thatâs inconvenient.
In fact, if your stop-losses are triggered too often, then you set them incorrectly.
đ For this reason, never try to put stop as close to the entry point as possible.
đBut itâs also not necessary put it too far from entry point, since the desire to âwait outâ does not lead to a successful result.
Many newcomers have another common mistake - they believe, that stop loss completely prevent the loss of money during transactions.
đThis cannot happen in principle - financial markets have their own rules, and losses here have always been and will be forever.
đBut over time, you can minimized it, by learning and development.đđđ Believe youâll succeed!
Many trading books often teach how to place stops at support / resistance levels.
đConcept of setting stop loss at significant levels is correct. But at the same time, it canât be set at the very level!
đYou should put your stop loss above / below the support / resistance level, respectively.
đđYou can find my previous idea at the link below.đđ»đđ»
Stay with meâđđ»
Your Rocket Bomb đđŁ
Write me if You need my support or wanna trade together đđ»
Join me inđđ»:
đđŁ t.me/+aAADzO1OqsQ2MGI0
đ° I'm using Bybit and I highly recommend it to You. By using my link - You'll get a nice bonus
www.bybit.com/invite?ref=7X0W2A
Join me inđđ»:
đđŁ t.me/+aAADzO1OqsQ2MGI0
đ° I'm using Bybit and I highly recommend it to You. By using my link - You'll get a nice bonus
www.bybit.com/invite?ref=7X0W2A