ððŧHey, my dear friends!ððŧ
The weekend has come, it means, that the markets are showing slow activity.ðī
ðĐðŧâðŧ Thatâs why I suggest you a little self-development.ðĐðŧâðŧ
âðŧToday I want to tell you my thoughts about stop losses.ð
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.
ð For this reason, never try to put stop as close to the entry point as possible.
ðBut 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.
ðThis cannot happen in principle - financial markets have their own rules, and losses here have always been and will be forever.
ðBut over time, you can minimized it, by learning and development.ððð Believe youâll succeed!
Many trading books often teach how to place stops at support / resistance levels.
ðConcept of setting stop loss at significant levels is correct. But at the same time, it canât be set at the very level!
ðYou should put your stop loss above / below the support / resistance level, respectively.
ððYou can find my previous idea at the link below.ððŧððŧ
Stay with meâððŧ
Your Rocket Bomb ððĢ
The weekend has come, it means, that the markets are showing slow activity.ðī
ðĐðŧâðŧ Thatâs why I suggest you a little self-development.ðĐðŧâðŧ
âðŧToday I want to tell you my thoughts about stop losses.ð
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.
ð For this reason, never try to put stop as close to the entry point as possible.
ðBut 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.
ðThis cannot happen in principle - financial markets have their own rules, and losses here have always been and will be forever.
ðBut over time, you can minimized it, by learning and development.ððð Believe youâll succeed!
Many trading books often teach how to place stops at support / resistance levels.
ðConcept of setting stop loss at significant levels is correct. But at the same time, it canât be set at the very level!
ðYou should put your stop loss above / below the support / resistance level, respectively.
ððYou can find my previous idea at the link below.ððŧððŧ
Stay with meâððŧ
Your Rocket Bomb ððĢ
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āļāđāļāļĄāļđāļĨāđāļĨāļ°āļāļāļāļ§āļēāļĄāđāļĄāđāđāļāđāļĄāļĩāļ§āļąāļāļāļļāļāļĢāļ°āļŠāļāļāđāđāļāļ·āđāļāļāđāļāđāļŦāđāđāļāļīāļāļāļīāļāļāļĢāļĢāļĄāļāļēāļāļāļēāļĢāđāļāļīāļ, āļāļēāļĢāļĨāļāļāļļāļ, āļāļēāļĢāļāļ·āđāļāļāļēāļĒ, āļāđāļāđāļŠāļāļāđāļāļ° āļŦāļĢāļ·āļāļāļģāđāļāļ°āļāļģāļāļĢāļ°āđāļ āļāļāļ·āđāļ āđ āļāļĩāđāđāļŦāđāļŦāļĢāļ·āļāļĢāļąāļāļĢāļāļāđāļāļĒ TradingView āļāđāļēāļāđāļāļīāđāļĄāđāļāļīāļĄāđāļ āļāđāļāļāļģāļŦāļāļāļāļēāļĢāđāļāđāļāļēāļ