What to do if getting stopped-out too often?

CONTENTS

    Pricing plans and indicator

    Hi there, here's Daveatt from TradingView.

    The signals and trading method frameworks are available to our VIP subscribers.

    More info available on our Pricing Plans page.

    Set your stop-loss correctly

    We're big believers that setting a best average stop-loss regardless of the market/timeframe/chart/trading conditions is a huge mistake and will never work.

    Even from a logical standpoint, an X pips stop-loss can't be the same for non-volatile and volatile markets. Cannot be the same for DAX and DOW. Cannot be the same for Bitcoin and Litecoin

    Then comes the challenge of the trailing-stop.
    Same story, it has to be adjusted based on what we're trading and what the chart is telling us

    If stopped-out too often, the strategy is to:

    1. Remove your stop-loss
    2. Reduce your position size to a tiny amount
    3. Then, experience what happens when you don't use a stop-loss or when using a very loose stop-loss

    You'll be very surprised by the results. Often, the stop-loss set too early is the reason why traders lose.
    A stop-loss is absolutely necessary to protect your capital and gains, though, set too early, you'll never win

    A quite note

    Each screenshot below is clickable and can be enlarged for better visibility

    FX:US30 - Dow Jones

    Asset: Dow Jones Industrial Average
    Direction: Long
    Timeframe: 1 minute
    Take Profit 2 price: 26703.23
    Pips/Points gained: 201.97
    Percentage move: 0.76% 

    TradingView trade Entry Signal Time 147 1650


    FX:JPN225 - NIKKEI

    Asset: NIKKEI
    Direction: Long
    Timeframe: 1 minute
    Take Profit 1 price: 22919.99
    Pips/Points gained: 45.01 

    TradingView trade Entry Signal Time 147 204


    FX:JPN225

    Take Profit 2 price: 22944.99
    Pips/Points gained: 70.11

    TradingView trade Entry Signal Time 147 204


    FX:JPN225

    Asset: NIKKEI
    Direction: Short
    Timeframe: 1 minute
    Take Profit 1 price: 22855
    Pips/Points gained: 47.1
    Percentage move: 0.21% 

    TradingView trade Entry Signal Time 147 2238


    NSE:BANKNIFTY

    Direction: Long
    Timeframe: 5 minutes
    Take Profit 1 price: 21704.25
    Pips/Points gained: 72.75
    Percentage move: 0.34%

    TradingView trade Entry Signal Time 157 95

    Take Profit 2 price: 21774.25
    Pips/Points gained: 140.25
    Percentage move: 0.65% 

    TradingView trade Entry Signal Time 157 95


    FX:JPN225

    TradingView trade Entry Signal Time 157 00

    NSE:NIFTY

    TradingView trade Entry Signal Time 157 915


    NSE:BANKNIFTY

    TradingView trade Entry Signal Time 157 95


    FX:JPN225

    TradingView trade Entry Signal Time 157 00


    Twitter Indices shared signals

    $DJIA: 130 points
    $SPX: 130 points
    $DAX: 70 points
    $NIKKEI: 130 points 

    TradingView trade Wednesday morning first trades on indices with BTI Algorithm on our 1minute charts TradingView trade Wednesday morning first trades on indices with BTI Algorithm on our 1minute charts TradingView trade Wednesday morning first trades on indices with BTI Algorithm on our 1minute charts TradingView trade Wednesday morning first trades on indices with BTI Algorithm on our 1minute charts


    Do you want a better Trading Performance?

    Hey, I'm Dave. I'm determined to make a trading account grow.
    My only question is, will it be yours?

    The signals and trading method frameworks are available to our VIP subscribers


    About Dave


    He is the co-founder of Best Trading Indicator. Previously a quant trader for a french bank in New York City, he's been trading full-time for the past 8 years.

    Dave used to teach his professional traders how to use his trading algorithms.

    Best Trading Indicator is 1 year old and already counts 600 recurring subscribers profiting from our trading course and TradingView signals.

    Learn more


    Do you want a better Trading Performance?

    Hey, I'm Dave. I'm determined to make a trading account grow.
    My only question is, will it be yours?

    The signals and trading method frameworks are available to our VIP subscribers