Deciding how to exit a losing trade is a vital part of profitable trading. This video discusses four different ways in which a trader might tackle this trading decision, and shows some examples using real-market prices.
Watch Next:
3 Tips for Stop Losses – https://youtu.be/nZeavIuaXrA
The Disciplined Way To Move Your Stop Loss – https://youtu.be/hkKwPn56vm0
Where to Place Your Stop Loss – https://youtu.be/KQW2x86BH1U
Stop Loss and Take Profit Orders in Trading 212 – https://youtu.be/4sUG-ow3W48
Practice placing Stop Loss orders with virtual money now. Learn to trade and invest for free. – https://www.trading212.com/en/Practice-for-Free-GBP
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At Trading 212 we provide an execution only service. This video should not be construed as investment advice. Investments can fall and rise. Capital at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Why did you have not made a video on ascending channel, descending channel and triangle chart patterns etc.That would e helpful.
You should make a video about what are the best hours/time to operate in the market, at what time does the market close for those who doesn’t have experience like me and were interested to invest, btw I liked your video, very interesting, thanks a lot
Hi Andrews, you may want to watch these videos covering the basics of Forex trading:
Introduction to the FOREX Market – https://youtu.be/6EY5vPTgPVQ
Forex Basics For Beginners – https://youtu.be/z7538iNe2Pw
Not sure if I’m looking this for academic purposes or because of Peter and David’s accent.
Jokes aside, great video, thank you. I would love if you made a similar video on where to position the TP order! Thanks again
How do you recommend placing stops/planning exits for trades when you are winning?
What I do is, if your winning position starts to consolidate this sometimes means that is a signal that market may start to move in the opposite direction so keep an eye on your position to take profit if it does change, if the market carries on moving in the winning direction you can always get back in. Good luck 🙂
Volatility based stops all the way!
I like the ATR stop.
I’m old school. I allow 7% from when I buy. I don’t need any more than that because with my setup, an obvious miss is an OBVIOUS miss.
Chris Hunter Are you successful with that method?
Thanks Peter, great instruction.
Check out Adam Khoo 😉
Very useful, thanks for this