Stop-loss line and lot size #Methods and mindset series
This time I will write about the stop-loss line.
【Think from the stop-loss line】
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【The process by which the lot size is determined】
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【The position of the stop-loss line】
We will proceed in that order.
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【Think from the stop-loss line】
Before entering, you must decide the stop-loss line. First,if the stop-loss line is not determined, the lot size and risk-reward cannot be determined, so you cannot enter in the first place. That’s why, as mentioned in the articles about entering, it is important whether you can actually stop at the right level.
Profit depends on the future after movement and varies with the market, but stop-loss can be determined clearly before entry based on past price movements, soyou create a situation where abnormal losses are hardly possible and continue trading.From the trader's side, the only risk aspect that can be controlled is the one you manage yourself.
Decide the stop-loss line first
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