stop Loss

#1
I understand he imp of sl order, but sometimes it happens that in volatile mkt,
stock can reach sl level our order will be executed & then it will take u turn
to our target price
so we unnecessary accept losses & if we donot put sl , then our capital comes in danger


what to do:confused: :confused:


i request all sr traders to educate me on that becoz same thing happened with me i put uo a sl on 1 bar below previous close
 
#2
I understand he imp of sl order, but sometimes it happens that in volatile mkt,
stock can reach sl level our order will be executed & then it will take u turn
to our target price
so we unnecessary accept losses & if we donot put sl , then our capital comes in danger


what to do:confused: :confused:


i request all sr traders to educate me on that becoz same thing happened with me i put uo a sl on 1 bar below previous close
although i never used stop loss, but i think it can be very dangerous, i've seen how bad it feels when u sell ur stock at a lower level to avoid big loss, and then within minutes it bounces back to your desired level:( it really hurts man, so i never use stop loss, maybe cause im a newbie, or maybe cause i don't wanna lose my money with sl fear
 

vince

Active Member
#3
I understand he imp of sl order, but sometimes it happens that in volatile mkt,
stock can reach sl level our order will be executed & then it will take u turn
to our target price
so we unnecessary accept losses & if we donot put sl , then our capital comes in danger


what to do:confused: :confused:


i request all sr traders to educate me on that becoz same thing happened with me i put uo a sl on 1 bar below previous close
Keep it away from the noise. If you are going to enter a boxing ring with your guard down and chin thrust out, you are asking to be socked, and believe me you will be.
 

GRORICH

Active Member
#5
Dear Bvpraveen,

The importance of SL would not be understood in volatile market like this. In volatile markets, which we are witnessing now, SLs are bound to be breached and sometimes the scrip may bounce back. The only option left to us , if we want to stick to that trade , is to take position again.

When our guess about market direction goes wrong, only SL can save our skin.
So whatever be situation , dont forget your SL . One suggestion worth considering could be have a wider SL than what you apply now.
Mohan
 
C

CreditViolet

Guest
#6
I understand he imp of sl order, but sometimes it happens that in volatile mkt,
stock can reach sl level our order will be executed & then it will take u turn
to our target price
so we unnecessary accept losses & if we donot put sl , then our capital comes in danger


what to do:confused: :confused:


i request all sr traders to educate me on that becoz same thing happened with me i put uo a sl on 1 bar below previous close
Try a Keltner Channel with 20 SMA and 2-2.5 setting on a 5 Min Chart
 
#7
Dear Bvpraveen,

The importance of SL would not be understood in volatile market like this. In volatile markets, which we are witnessing now, SLs are bound to be breached and sometimes the scrip may bounce back. The only option left to us , if we want to stick to that trade , is to take position again.

When our guess about market direction goes wrong, only SL can save our skin.
So whatever be situation , dont forget your SL . One suggestion worth considering could be have a wider SL than what you apply now.
Mohan
Hi Mohan,

I'm completely aware of the importance of stoploss. I was't asking his suggestion...I was just trying to tell him the importance of SL when the stock doesn't bounce. He was telling that it hurts him when he tries to use the SL, as it stops him out when the stock again bounces. I wonder what he will do when he doesn't use SL and the stock doesn't bounce. That loss will be far more than that of SL trigger.

Hope I clarified the points.

Regards,
Praveen.
 

GRORICH

Active Member
#8
Hi Mohan,

I'm completely aware of the importance of stoploss. I was't asking his suggestion...I was just trying to tell him the importance of SL when the stock doesn't bounce. He was telling that it hurts him when he tries to use the SL, as it stops him out when the stock again bounces. I wonder what he will do when he doesn't use SL and the stock doesn't bounce. That loss will be far more than that of SL trigger.

Hope I clarified the points.

Regards,
Praveen.
Dear Praveen,
Sorry for my reply ` Stop Loss ` . It was not intended to you. But I tried to reply to the query of Innocent_trader , who said that placing SL hurts. By mistake , I poted my reply to you. It was becasue I do not know how to use this forum properly.

Regards,
Mohan
 
#9
Dear Praveen,
Sorry for my reply ` Stop Loss ` . It was not intended to you. But I tried to reply to the query of Innocent_trader , who said that placing SL hurts. By mistake , I poted my reply to you. It was becasue I do not know how to use this forum properly.

Regards,
Mohan
Hey, no problem.

Praveen.