Cryptocurrency Q&A
How many pips for stop loss?
How many pips for stop loss?
Claudio
Sun Dec 01 2024
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5 answers
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I'm considering setting a stop loss for my trade, but I'm not sure how many pips I should set it at. I want to minimize my potential losses, but I also don't want to set it too close to my entry point and risk getting stopped out too early. How many pips should I use for my stop loss?
5 answers
JessicaMiller
Tue Dec 03 2024
In situations where the market experiences significant volatility, it is advisable to set a stop-loss at 25-30 pips.
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SilenceStorm
Tue Dec 03 2024
This recommendation is based on the rare occurrence of such market fluctuations.
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Raffaele
Mon Dec 02 2024
For traders whose strategy yields a profit of 75 pips per order, there is a specific approach to entering the market.
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SarahWilliams
Mon Dec 02 2024
It is recommended to enter the market at a point where the stop-loss can be set at no more than 15-20 pips.
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HanbokGlamourQueenElegance
Mon Dec 02 2024
This approach aims to minimize potential losses while maximizing profits.
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