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As well as wider stop and premium, it can take up a big chunk of your margin (value of the stop for a professional account, so if you have stop at break even you basically don’t have any margin utility from your unrealised profits)
I use GS because I was new to forex trading,but find that I have a minimum stop of 20 pips,so this really negates any smaller time frame trades you see other traders take. Also with CHF BTC etc because of the volatility and flash crashes,my GS needs to be over 130 pips,which means longer term trades.
I wonder if using multiple sub accounts under the same broker applies under the European rules if so one could almost have a sub account that is only used for one trade at once to mitigate the gap / news risk rather than guaranteed stops?
I though you always talking about managing risk. If you don’t put a stop loss, then tell me how do you manage your risk then? I thought the number 1 rule in trading is to manage your risk?
Never blame your stop, blame your entry and your analysis. Traders who don't cut losses at 2% or less are going to smoke their equity. Every trader is wrong sometimes and if you don't manage risk properly you must make some pretty handsome gains that are hard to get to even get above break even. Use. A. Stop. Loss. Always. A businessman should know before any investment his maximum business risk and in professional trading this is 2% or less.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
Thank you for this
Nice video, agree with you on guaranteed stops. I think what terrifies many is another currency flash crash.
I'm sorry but GS is not only for gap openings some volatility can and does slip your 'normal' stop hugely especially when it's tight.
still one of the best channels on you tube no charts just understanding
As well as wider stop and premium, it can take up a big chunk of your margin (value of the stop for a professional account, so if you have stop at break even you basically don’t have any margin utility from your unrealised profits)
I use GS because I was new to forex trading,but find that I have a minimum stop of 20 pips,so this really negates any smaller time frame trades you see other traders take.
Also with CHF BTC etc because of the volatility and flash crashes,my GS needs to be over 130 pips,which means longer term trades.
I wonder if using multiple sub accounts under the same broker applies under the European rules if so one could almost have a sub account that is only used for one trade at once to mitigate the gap / news risk rather than guaranteed stops?
Wouldn't options be preferable to this?
I though you always talking about managing risk. If you don’t put a stop loss, then tell me how do you manage your risk then? I thought the number 1 rule in trading is to manage your risk?
Never blame your stop, blame your entry and your analysis. Traders who don't cut losses at 2% or less are going to smoke their equity.
Every trader is wrong sometimes and if you don't manage risk properly you must make some pretty handsome gains that are hard to get to even get above break even.
Use. A. Stop. Loss. Always.
A businessman should know before any investment his maximum business risk and in professional trading this is 2% or less.
Never needed a GS in 25 years of trading. I see them as a ploy to detach money from inexperianced traders.