Hi there,
Any one could suggest to me the best strategy for stop loss placement? Placing too near to the price, our position will be kicked out all the time. If we place it too far, the losses could be huge.
As we all know, placing stop loss is the most important strategy when trading to protect our investment.
Please feel free to suggest. Thanks
Hi Abel, you can try using fractals. Airman
ReplyDeleteHi Airman,
ReplyDeleteThank you for your suggestion.
Fractals could be far sometimes. Like today, the fractal is far and I would have lost more in this case.
Abel
fractals can vary to suit us by using shorter time frames. airman.
ReplyDeleteyou can also use parabolic SAR for a trailing stop. airman.
ReplyDelete