with a discretionary SL I guess you'd have to average out your losses over a set number of winning and losing trades to calculate what your average risk is?
Since I implemented trailing stop % on all my triads the beginning of the year I have only had 1 red day. That day was because the stock I played and the broker I used don't allow %TSL
I know these 'YT shorts' are annoying for some creators, but this was actually a very useful reminder to a FAQ of trading that normally gets lost and forgotten in hour-long lectures.
In the last second, he stared off into space, as if to remember, a single trade where he spilled hot coffee on his lap and couldn't stop out as the worst trade of his life got away.
Do you think that using a stop loss when scalping is a good idea?
Mental stops will wipe out your account
what about trailing stop loss?
Ross Is Da Boss!!!
Is it true that when you set a stop it goes to an order book and it's visible to market makers for example?
with a discretionary SL I guess you'd have to average out your losses over a set number of winning and losing trades to calculate what your average risk is?
as much as i respect ross, the best way to set a stop is contigent on stock volatility.
Yep, the most important advice ever.
Thank yo Ross your a great teacher you helped me so much ?
Thanks for sharing !
What does the below the “Support” mean?
On what time frame???
Since I implemented trailing stop % on all my triads the beginning of the year I have only had 1 red day. That day was because the stock I played and the broker I used don't allow %TSL
thank you Ross
With Intel I was more patient today once I was green and had a long 700 usd trade 👍 With large distance I moved SL up
I know these 'YT shorts' are annoying for some creators, but this was actually a very useful reminder to a FAQ of trading that normally gets lost and forgotten in hour-long lectures.
How do you feel about factoring ATR when calculating trailing stops to ride the trend as far as it will go?
Yeah, just below support, then all the market makers spike it through support to clear the stops out and then take it higher.
Thank you!! 👍
hi ross, we miss your face buddy. good to see you again 😊
Set your stop in the place where if it is hit it means your trade idea was wrong
In the last second, he stared off into space, as if to remember, a single trade where he spilled hot coffee on his lap and couldn't stop out as the worst trade of his life got away.
It always seems to go down and get my stops, then immediately race back up