I want to share my opinion about stop-losses.
I don’t use them, because very often the stop gets triggered — and then the price moves in the right direction, but you're no longer in the trade.
I do it differently: I set a take-profit, but no stop-loss.
Let’s say I have $1000, and I enter a short with $100.
The price would have to increase 10 times to get me liquidated.
A 2–3% drawdown is acceptable, especially in an overbought market.
So why would I use a stop?
Trade with small amounts — and everything will be fine.
You won’t lose money.
If you're looking for excitement, go to a casino — the odds are better there.
In trading, you need to be careful and stay calm.
From my experience, technical analysis often doesn't work.
Thanks for your attention.
#stoploss
I don’t use them, because very often the stop gets triggered — and then the price moves in the right direction, but you're no longer in the trade.
I do it differently: I set a take-profit, but no stop-loss.
Let’s say I have $1000, and I enter a short with $100.
The price would have to increase 10 times to get me liquidated.
A 2–3% drawdown is acceptable, especially in an overbought market.
So why would I use a stop?
Trade with small amounts — and everything will be fine.
You won’t lose money.
If you're looking for excitement, go to a casino — the odds are better there.
In trading, you need to be careful and stay calm.
From my experience, technical analysis often doesn't work.
Thanks for your attention.
#stoploss
telegram channel @TradeWithARZ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
telegram channel @TradeWithARZ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.