asked by
on 2/24/24Hm, what exectly do you mean? I think you had to specify the question.
Anywway, I assume you meant what my stop loss order in terms of % on average is. Well, then, I usually put stop loss order so low that if it is triggered it means the trade is not right. This level is deciced based on technical factors. I use pretty wide-stops, around 5-7% from the entry point. But I control my risks strictly. On any trade I do my best not to commit 1.5-2% of my total equity.
However, in somce cases I might used even wider stops, it depends on volatility and my conviction in the trade.
Quite a strange question to be answered straightforwardly.
The stop-out level depends on your trading strategy, mostly on your risk appetite.Many educators suggest a 2% risk per trade.
However, I am going up to 5%.I can afford a higher stop-out level because most of the time I have open one position at a time.
If you trade multiple positions at the same time, it becomes more complicated and you have to calculate each position to the percentage. Still, it is doable, but it takes time and practice to master a proper risk management strategy