Strategies to set stop loss

K

kdhrubo

Active Member
#1
#1
Hi,
I am a newbie into intraday and my goal is very simple to earn 200-400 per day to meet my daily expenses and car petrol cost. I have realised that one cardinal sin most traders do is not setting up a stop loss. So I am asking the veterans and seasoned pros and gurus of the market what strategy and formula they use to set stop loss.

Thanks ...dhrubo
 
praveen taneja

praveen taneja

Well-Known Member
#2
#2
kdhrubo said:
Hi,
I am a newbie into intraday and my goal is very simple to earn 200-400 per day to meet my daily expenses and car petrol cost. I have realised that one cardinal sin most traders do is not setting up a stop loss. So I am asking the veterans and seasoned pros and gurus of the market what strategy and formula they use to set stop loss.

Thanks ...dhrubo
Click to expand...
Stop loss is always half of your profit target its simple:thumb::thumb::clap:
 
sudoku1

sudoku1

Well-Known Member
#3
#3
kdhrubo said:
Hi,
I am a newbie into intraday and my goal is very simple to earn 200-400 per day to meet my daily expenses and car petrol cost. I have realised that one cardinal sin most traders do is not setting up a stop loss. So I am asking the veterans and seasoned pros and gurus of the market what strategy and formula they use to set stop loss.

Thanks ...dhrubo
Click to expand...
a scientific stoploss derived from TA is better than a pyscological one....
but those who r not akeen 2 TA can simply exit once their goal is achieved:)
 
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