Stoploss Big Mystery-3 Golden Keys

Discussion in 'Risk & Money Management' started by rvlv, Aug 24, 2006.

  1. drrkgupta

    drrkgupta Member

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    Excellent post rlv. You have enlightened me! Till now always kept SL in my mind had to be extra vigilant! Also this keeping in mind has many a times put me in deep in negative! Your terming the SL as exit policy is superb!
     
  2. lekhacnhu

    lekhacnhu New Member

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    Thank.you.rvl
    Can you help.me. my stoplosss, i have some problem with my stoploss in market stock

    I buy abc at price 5.0 and 5.0 is suppor
    My stoploss is 4.9
    i don't know i will sell when price touch 4.9 and sell 4.8.
    Or when price at 4.8. I will oder sell 4.8
    - if you have good idea ,please help and share. Thanks ( sory for my english ,i wish.you understand my problem )
     
  3. bunti_k23

    bunti_k23 Well-Known Member

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    Dude the thread was started in 2006 and now it is 2014 almost 8 yrs have passed :)dont know rvlv is online these days or not but i want to thank him for this excellent thread:thumb:
     
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  4. lekhacnhu

    lekhacnhu New Member

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    Can you help me with my problem:clap:
     
  5. bunti_k23

    bunti_k23 Well-Known Member

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    All the things are already explained in this thread but i will try my best to ans ur query plz clarify more i did nt understood what ur saying.exactly what u want to know ? Ur stoploss level or something diff...
     
  6. aryabhatta

    aryabhatta Active Member

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    All good posts but fact of the matter is unless one knows how to trade

    Stop loss doesn't make any difference .... it really doesn't ........ you'll lose all your money anyway

    without stop loss you will surely lose all your money and with stop loss you will also surely lose all your money. Its just a matter of time & this is a statement of fact.

    Only difference is with stop loss you will lose it much slower than without stoploss ... but the end result will be the same

    Is it better to go broke slowly over an extended period of time or go broke all at once ?

    Well that's debatable .... losing it slowly over time is surely more painful in the long run but it will also give you experience in the markets and you could learn from your mistakes.

    Trading is just a simple transfer of accounts from those who know how to trade to those who don't & stoploss or money management will not turn an unprofitable trader into a profitable trader

    So whether you use a :-

    mental stop
    physical stop
    emergency stop
    break even stop
    trailing stop
    technical stop
    partial stop
    wide stop
    narrow stop
    or a combination of any of the above

    If you dont know how to trade it really makes no difference you'll lose all your money anyway. If you do know how to trade then stop loss is useful
     
    Last edited: Oct 27, 2014
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  7. eagal

    eagal Member

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    Thank you for this wonderful article.

    I am a new trader.

    I am also using the exit system as said by you but I always keep Stop Loss Order to psychologically cools myself that I will not loose more than that amount but It may be some what deep.
     
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  8. stock72

    stock72 Well-Known Member

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    thx for you man:thumb::thumb: to dig this gem post :thumb:

     
  9. stock72

    stock72 Well-Known Member

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    so bottom line of your post is if you dont know trading then dont use stoploss ..use STOP for trading:rofl::rofl:

     
    Last edited: Dec 25, 2014
  10. shk161

    shk161 Member

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    Oops got a bit confused about stoploss vs exit.

    Suppose i entered at 5 rs and kept a stop loss of 4.9 then my shares would be sold at 4.9? or i need to explicitly sell and by the time i order sell the rate can come down to 4.5?

    Thanks
     
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