LyudmilLukanov
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One issue that I have had is placing my stop loss. When I started just like everybody else in a demo account I was not scared to put my stop loss a 100 pips away. When trading the Demo account very rarely would I get stopped out and usually would turn a profit based on my strategies.
Once I switched to real money account I started to place my stop loss a lot closer to avoid the big loss. This proved to be ineffective as most of the trades I was making were great but I was just not giving it enough room.
As anyone else experienced this problem and how did you figure out where to put your stop loss so you don't screw yourself over?
Once I switched to real money account I started to place my stop loss a lot closer to avoid the big loss. This proved to be ineffective as most of the trades I was making were great but I was just not giving it enough room.
As anyone else experienced this problem and how did you figure out where to put your stop loss so you don't screw yourself over?