How to Determine Stop Loss Levels That Work for Your Trading Style and Psychology
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This video provides tips and
This video provides tips and techniques for using stop-loss orders effectively in trading.
The speaker emphasizes the importance of having a clear stop-loss strategy and the psychological aspect of admitting when one is wrong. They suggest placing the stop loss before the take profit and using the depth of market feature in Optimus Flow to easily place stop orders. The use of brackets to automatically set a stop loss a certain number of ticks away from the entry price is also mentioned. The speaker highlights the need for traders to have a clear plan for stop-loss placement and develop strategies that work for their trading style.
We'll discuss the importance of stop-loss orders in trading and the challenges that come with placing them. Our speaker highlights the need for an effective stop-loss strategy and the psychological aspect of admitting when one is wrong. The speaker suggests placing the stop loss before the take profit and using the depth of market feature in Optimus Flow to easily place stop orders. They also mention the use of brackets to automatically set a stop loss a certain number of ticks away from the entry price as a safety net. Overall, the speaker emphasizes the need for traders to have a clear plan for stop-loss placement and develop strategies that work for their trading style.
Our speaker also demonstrates how to use stop-loss orders effectively in trading. They explain how to visually set stop loss orders on a chart using the Optimus Flow platform, as well as how to set take profit orders. They also emphasize the importance of placing stop-loss orders at a level where the market is indicating that the trade thesis is wrong rather than simply setting them based on predetermined monetary considerations. The speaker suggests using indicators such as exponential moving averages and swing points to identify potential stop levels and recommends using them in conjunction with each other. Overall, the speaker provides practical tips and techniques for placing stop-loss orders in a way that enhances trading decisions.
Finally, the presenter discusses stop-loss orders and techniques for setting them. If the trader is in a long trade and the price starts to move down, they can potentially place their stop loss below swing lows and a moving average. Fibonacci levels can also be used to determine stop levels. The presenter also mentions the option of using a trailing stop loss, where the stop loss automatically moves with the price in a profitable direction. This section concludes with the presenter reminding viewers to visit optimusfutures.com for more information.
Timestamps:
00:00:00 - The importance of having a clear plan for stop-loss strategies
00:05:00 - Practical tips for placing stop-loss orders that enhance trading decisions
00:10:00 - Efficient techniques for setting stop-loss orders
Sign up for a demo of Optimus Flow here: https://optimusfutures.com/OptimusFlo...
___________________________________________________
Want to learn more about Optimus Futures? Visit our website: http://www.optimusfutures.com/
Our commissions, margins, and pricing: https://optimusfutures.com/Futures-Tr...
Open an account with us today! https://optimusfutures.com/Futures-Co...
Check out our community forum: https://community.optimusfutures.com/
Please don't forget to like the video, comment, and subscribe!
THANKS FOR WATCHING!
________________________________________________________________________________________________
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. When considering technical analysis, please remember educational charts are presented with the benefit of hindsight. Market conditions are always evolving, and technical trading theories and approaches may not always work as intended. The placement of contingent orders by you or broker, or trading advisor, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Optimus Futures, LLC is not affiliated with nor does it endorse any trading system, methodologies, newsletter or other similar service. We urge you to conduct your own due diligence.
#daytrading #stoploss #tradingpsychology
The speaker emphasizes the importance of having a clear stop-loss strategy and the psychological aspect of admitting when one is wrong. They suggest placing the stop loss before the take profit and using the depth of market feature in Optimus Flow to easily place stop orders. The use of brackets to automatically set a stop loss a certain number of ticks away from the entry price is also mentioned. The speaker highlights the need for traders to have a clear plan for stop-loss placement and develop strategies that work for their trading style.
We'll discuss the importance of stop-loss orders in trading and the challenges that come with placing them. Our speaker highlights the need for an effective stop-loss strategy and the psychological aspect of admitting when one is wrong. The speaker suggests placing the stop loss before the take profit and using the depth of market feature in Optimus Flow to easily place stop orders. They also mention the use of brackets to automatically set a stop loss a certain number of ticks away from the entry price as a safety net. Overall, the speaker emphasizes the need for traders to have a clear plan for stop-loss placement and develop strategies that work for their trading style.
Our speaker also demonstrates how to use stop-loss orders effectively in trading. They explain how to visually set stop loss orders on a chart using the Optimus Flow platform, as well as how to set take profit orders. They also emphasize the importance of placing stop-loss orders at a level where the market is indicating that the trade thesis is wrong rather than simply setting them based on predetermined monetary considerations. The speaker suggests using indicators such as exponential moving averages and swing points to identify potential stop levels and recommends using them in conjunction with each other. Overall, the speaker provides practical tips and techniques for placing stop-loss orders in a way that enhances trading decisions.
Finally, the presenter discusses stop-loss orders and techniques for setting them. If the trader is in a long trade and the price starts to move down, they can potentially place their stop loss below swing lows and a moving average. Fibonacci levels can also be used to determine stop levels. The presenter also mentions the option of using a trailing stop loss, where the stop loss automatically moves with the price in a profitable direction. This section concludes with the presenter reminding viewers to visit optimusfutures.com for more information.
Timestamps:
00:00:00 - The importance of having a clear plan for stop-loss strategies
00:05:00 - Practical tips for placing stop-loss orders that enhance trading decisions
00:10:00 - Efficient techniques for setting stop-loss orders
Sign up for a demo of Optimus Flow here: https://optimusfutures.com/OptimusFlo...
___________________________________________________
Want to learn more about Optimus Futures? Visit our website: http://www.optimusfutures.com/
Our commissions, margins, and pricing: https://optimusfutures.com/Futures-Tr...
Open an account with us today! https://optimusfutures.com/Futures-Co...
Check out our community forum: https://community.optimusfutures.com/
Please don't forget to like the video, comment, and subscribe!
THANKS FOR WATCHING!
________________________________________________________________________________________________
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. When considering technical analysis, please remember educational charts are presented with the benefit of hindsight. Market conditions are always evolving, and technical trading theories and approaches may not always work as intended. The placement of contingent orders by you or broker, or trading advisor, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Optimus Futures, LLC is not affiliated with nor does it endorse any trading system, methodologies, newsletter or other similar service. We urge you to conduct your own due diligence.
#daytrading #stoploss #tradingpsychology
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در تاریخ 1402/04/09 منتشر شده
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