Again And Again: Stop Loss

If temen trader complained, "Wadduuhh [...] MC (again) deh! ". My response was just one, definitely gak pake SL (again) right? " Halahh, why not kapok kapok-huh? Already know if trading without SL it always culminate in MC, kok ya still ngeyel too. Gosh deh!

The problem is indeed always SL so a goodly problem ribet, especially for temen-temen a relatively new trader. It's, trading without SL "jahh" never wrong position. Yes, it is never wrong position of the shuttlecock, it was once we admit incorrect position kan kalo dah deceased account. I am not bored-bosennya temen-temen ngingetin for new traders, "come on, always install SL!" Instead I seneng kalo liat their position on kesabet SL.

It really is, I'm not bored ngingetin temen-temen to always install SL just because of one reason: just because I love you Guys! Hehehe ... ... Lebay yah? But kok beneran, to be honest, I like sad to see temen-temen traders who nurtured as kapok kena MC. Gara-garanya? Most of the above, yes it's trading gak pake SL. Ok deh, aja dah we deem kapok trading without SL and have agreed to install SL.

The next problem is: how the heck SL right? Exchange let us find the right formula to determine this SL. The word some mastah forex anyway, there are some benchmarks we can use in determining SL. Let's try to check one by one:

Using Benchmark Parabolic SAR

You can use the benchmark point of parabolic SAR at the beginning of the trend to determine Or SL. ... There is also a suggestion to install SL 10 points above/below the price candle for the position of short/long. If you feel the SL of this way too far from current prices, means you're "late" entered the market. You can use an alternate way to another.

Using High-Low Benchmark Daily

You can specify the value using the SL high-low the day before. Install SL at 10 points above high for short position and 10 points below the low position for long.

Using Bollinger Bands

You can also use Bollinger Bands as a basis of determining the benchmark with SL: pair of SL at 10 points above the upper band for short position and 10 points below the lower band for long position.

Use The Basic Elliott Wave Theory

If you use the Elliott Wave Theory to analyze the market, then:

Place the SL 10 points below the lowest point of the second wave in the bullish trend if you take a long position in the 3rd wave

Place the SL 10 pips below the lowest point of the 4th wave if you take a long position in the 5th wave

Place the SL just above/below the highpoint/Valley floor from the previous wave when you do short/long based on the A-B-C correctional waves.

OK, the above ways possible you can use as a benchmark-the basic benchmark. You can select and customize it with a trading system that you use. Oya, need I add, any other benchmark you choose ... make sure that SL is located on the value where "You can afford to lose". Keep in mind, however, that ... the better we loss 20 pips as much as 10 times than once loss but wholesale 500 pips, or in fact MC. So? Again and again: do not forget to install SL yah! So that you nyusul the cepet gak "former" traders who retire early because of the kapok MC reasonable in frequency.

Posted by Unknown on Tuesday, February 3, 2015 - Rating: 4.5

Title : Again And Again: Stop Loss
Description : If temen trader complained, "Wadduuhh [...] MC (again) deh! ". My response was just one, definitely gak pake SL (again) right? ...

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