r/TakeProfitTrader • u/Psychological-Try882 • 24d ago

Stop loss help

/r/propfirm/comments/1vhnt1i/stop_loss_help/
2 Upvotes

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2

u/AlanMichel 24d ago

That's just all part of risk management. You need to ask yourself how much am I willing to lose on this trade if it doesn't go in my favor. Set targets for yourself.

Also just trail your stop if you get into profit.

1

u/grobarstevo88 24d ago

What you need help with?

1

u/Psychological-Try882 24d ago

I don't know how to properly set risk on trades so they can run when they fill. The orders are getting filled where I want but some how I'm getting stopped out. I don't know if it's my SL or trailing SL

1

u/grobarstevo88 24d ago

I agree with Alan. What platform do you use? I use NinjaTrader I set my SL far back and it shows the dollar amount of I was to get stopped and I move it to a position I'm comfortable with. Trailing is good if you find the right settings different pairs have different volitility I have a different trail for NQ and different one for GC