i m very new 2 trading. my 1st douhow to put a stop lbt is oss in on line trading

how does one put a stop loss in on line trade and make it trigger not immediately but only when the market reachs there

Hello there,
Are you having problems with using your platform to place a stop loss order?

Or is your question related to placing smart stops where you don't get taken out easily?

If your question is related to the latter,
my recommendation to you is to study any good book on technical analysis and understand where supports and resistance levels are on multiple time frames......once you know where those critical levels are, then you can place your protective stop a tick or two above/below those levels.

This doesnt mean that they won't ever be hit. Main reason to place a stop(physical or even deciding about mental stops)is to cut your losses to a predetermined level so you don't become indecisive when markets go against you.
also pay attention to previous swing highs and lows........say if you are swing trading, then be watching the previous day highs and lows.....and so on..

Some reliable books in case you are interested:
Technical Analysis and Stock Market Profits by Schabacker
Technical Analysis of Stock Trends by Edwards and McGee
Any technical analysis book by John Murphy....there are too many more but any one of the above will be enough.

Hope this helps
Happy trading
Shreenath

please read this...
http://www.traderji.com/risk-money-management/7914-stoploss-big-mystery-3-golden-keys.html

:thumb:

Hi Shravan,
Very informative thread. Thank you for sharing.

My rules for stops are very simple.

1. First decide an entry and exit price based on trading plan and profit targets.
2. Based on resistances/support levels in multiple time frames(not just one time frame chart)I pick a stop level.
3. Now I know my risk. Next question is, is the risk within the requirements of my trading and business plan? It's easier to remain objective before, during and after trading when risk levels are minimal. If risk is not within my range I skip the trade.
4. If risk is within acceptance level, then what's my reward to risk ratio? Ideally a minimum of 3:1 on swing trades and more if the time frame is longer......say 9:1 if the trade is supposed to last for weeks/months. This is primarily based on pattern picking research. I also have one intraday pattern where even an RR of 1:1 works.

5. If # 4 above is met, then I place my order. If the order is filled it triggers both a protective stop loss order based on my risk and the profit orders.

Hope this helps.
regards
Shreenath