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TOPIC: how to set stoploss based on my tips trades.

how to set stoploss based on my tips trades. 28 Nov 2013 21:17 #1

  • remo
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When entering based on my tips you have to place your stops below the nearest support if your going long, or resistance if your going short.
so if you enter based on a trend line touch then your stop should be below the nearest low (clear to see) The trade value should be adjusted with the 2% rule to suit.Maximum of your trading capital..
example of 2 %
say for instance your maximum trading capital is £10000
2% of this is £200
the stop distance is 10 points from your entry(nearest low(support) from your entry)
so your trade value will be £20 a point or 2000 shares as such.
so if the stop gets activated then you lose £200 .because your stop was 10 points away so 10 x £20 =£200

here is an example of a chart with the entry at the trend line and where the stops should be.

stops have always got to be below the nearest support if your going long from one of my tips

stops have to be above the resistance if your going short from one of my tips.

hope this clears the issue with regards to placing stops.
This is how a stop should be placed and this is also how to judge how much you are going to lose based on the 2% rule.
Do Not Trade of my tips if you do not understand this.

My trading tips should be executed via a CFD account and not a spread-bet account. The reason for this is purely for the spreads. CFD accounts have very tight spreads and you want all the advantage as possible. Spread bets have too much spread to cover for short term trading.Why put yourself at a disadvantage :P
hope the above helps you wannabe traders ;) ;)
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