Minimum Stop Loss

[Upcomingstockmaster]

Why is there one? On Trad anyway. Its usually 20 pips, why cant you have it at say 5-10?

 

[Lightning McQueen]

Why is there one? On Trad anyway. Its usually 20 pips, why cant you have it at say 5-10?

That's how the SB firms gain money by locking in a larger loss from you Imo, check the size of a guaranteed stop, guaranteed profit for them more like

If you want to tighten your stop to 5 then use a soft stop, use the SB one as a failsafe for unforseen outages, search Jack o'Clubs posts, he has written of this, it is a good post.

 

[theroguetrader]

Why is there one? On Trad anyway. Its usually 20 pips, why cant you have it at say 5-10?

The minimum stops that show up on a deal ticket are MEANINGLESS... !!

use the " CHART" to tell you where to place the stop - if its a wide stop - SO BE IT.... !!

reduce the ticket size accordingly .......... !!


IF you cant afford the stop - DO NOT TAKE THE TRADE........!! :idea: