System or Manual Stop Loss?

Which one is better?
- Place Square Off Order with Stop Loss Price as soon as taking a position
- Monitor Price & Square Off when required

Scalpers usually place Take profit and SL order immediately upon entering a trade, where as swing and positional traders use SL orders and trail the trend.

Hello,
well, its depends upon ur Broker,my way of stoploss is Automatic in Analysis software... as soon as its in...it will send Market order to the Trading platform
...automated Trading.

so...by this way u can Trade on any Broker..b'coz no chance of revealing ur Stoploss price.

Regards,

DEAR,

if you don't mind, which broker with you are trading? if you don't want to give as reply you can pls. PM me.
tnx,

Somehow I have this strange doubt that my stop loss order is visible to others (at least some traders) who enter at that point to make profit. I have noticed that as soon as the price hits (or crosses by a small amount) my stop loss price the trend reverses. This may be the experience of others too. What do you have to say on this? Is this a problem with the online trading software or broker's manipulation?

Do you trade in very huge quantities? Like 20,000 Nifty or 50,000 to 200000 qty in stocks? If no, then these big traders are not interested in your 500 or 1000 Nifty or 5 or 10000 qty equity stops.

Yes, there is something called level 3 that gives levels upto 10 levels deep, but it doesnt show stop orders. Only limit orders.

Dont take my post otherwise

As for manual stops, well, I doubt t hat even if 1 out of 10 times you make the mistake of not getting stopped out because of emotional reasons, it will ensure that you are always struggling to make money, if not loosing a lot of it.

The market is a very very cruel place, it will take your money if you dont protect it.

Hello,
ur doubt is reasonable, and i have evidence....every stop u put it can be seen...if majority of traders stops are in the same Zone,there are high chances of getting stopped out.

here is the Link iam providing of that Chart of mininifty,which is manipulated at that time and taken out all stops(day traders,shortterm traders,swing Traders,and offcourse Intraday traders .... all are wiped out.).after that big tail candle u can see right and left side candles gone tiny. offcourse mininifty is no more available to Trade ,and it can happen with any Trading Instrument.(Particularly Indians market makers/operators often do these things and After end of day adjustments u can't see these candles...this is called data manipulation using the term adjustments and making loss to Traders).

http://www.traderadda.com/2012/03/mininifty-freak-trade-on-3032012.html

Pls go through this Article.

Regards,

Thanks for the informative post. I was not aware that SL orders are not visible in level 3. I trade futures, and many times, I have been stopped out at SL order limit only to see the price rebound. Hence, I now follow a mental SL, and discipline myself to take it, and always ensure that SL is within my comfort zone.

The article is clear. I have also experienced stop loss because of such freak trades which are not visible on the charts. I am just wondering what is NSE doing about these freak trades? Is their system still unable to stop such trades? Or it is just manipulation by some vested interests? Who is going to take action on NSE for the losses? Is SEBI just looking the other way?

What are these levels? How do they matter to small traders?