stops in intraday trading

[amitsareen]

where is the right place to keep a stop in intraday day trading? what is the ideal percentage of stop

 

[NVP]

look for recent highs and lows and place it a little more further beyond that....

adjust lot size accordingly

as you perfect your Trading strategy these become just placeholders - as you should be exiting when the system tells you to and not using Stops as an Exit ......thats lazy and bad trading

thnks
N

 

[phoenix25140]

hmm depend on your style and strategy. If your trading around resistance lines then then you could use fibo retracements to plan where to get out if it doesnt go your way. Your stop must also be money management based. If your only trading 2% of your account per trade then the stop should limit the trade to that loss.

 

[15 min tlb]

where is the right place to keep a stop in intraday day trading? what is the ideal percentage of stop

If you want to run profits in a trending market with high volatility , your stops have to be very far below major support or above major resistance.In choppy markets stops can as little as 8 pips in eur usd , all this depends on method ,volatility ,objective and context.