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Setting Stop Losses 设定止损: Page 7 of 8

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3 Rules To Follow When Using Stop Loss Orders

Once you’ve done your homework and created an awesome trade plan that includes a stop out level, you now have to make sure that you execute those stops if the market goes against you.

There’s two ways to do that. One is by using an automatic stop and another through a mental stop.

Which one is best suited for you?

Here’s where the hard part comes in as the answer to this question lies in your level of discipline.

Do you have the mental toughness and self-control to stick to your stops?

In the heat of battle, what often separates the long-term winners from the losers is whether or not they can objectively follow their predetermined plans.

Traders, especially the more inexperienced ones, often question themselves and lose that objectivity when the pain of losing kicks in and brings in negative thoughts like, “Maybe the market will turn right here. I should hold a bit longer and then it will go my way.”

Wrong!

If the market has reached your stop, your reason for the trade is no longer valid and it’s time to close it out… No questions asked!

3 Rules To Follow When Using Forex Stop Loss Orders

This is why the almighty forex gods invented limit orders. New forex traders should always use limit orders to automatically close out a losing trade at predetermined levels.

This way you won’t give yourself the chance to doubt your plan and make a mistake. You won’t even have to be sitting in front of your trading station to execute the order.

How awesome is that?!

Of course, the more trades and experience you have under your belt, the more you will hopefully have a better understanding of market behavior, your methods, and the more disciplined you will be.

Only then would mental stops be okay to use, but we still HIGHLY recommend limit orders to exit the majority of your trades.

Manually closing trades leaves yourself open to making mistakes (especially during unforeseen events) such as entering the wrong price levels or position size, a power outage, a coffee binge induced bathroom marathon, etc.

Don’t leave your trade open to unnecessary risk so always have a limit order to back you up!

Because stops are never set in stone and you have the ability to move them, we will end this lesson with 3 rules to follow when using stop loss orders.

Stop Loss Rules

  1. Don’t let emotions be the reason you move your stop. Like your initial stop loss, your stop adjustments should be predetermined before you put your trade on. Don’t let panic get in the way!
  2. Do trail your stop. Trailing you stop means moving it in the direction of a winning trade. This locks in profits and manages your risk if you add more units to your open position.
  3. Don’t widen your stop. Increasing your stop only increases your risk and the amount you will lose. If the market hits your planned stop then your trade is done. Take the hit and move on to the next opportunity. Widening your stop is basically like not having a stop at all and it doesn’t make any sense so to do it! Never widen your stop!

These rules are pretty easy to understand and should be followed religiously, especially rule number 3!

Want us to repeat it again?

DO NOT WIDEN YOUR STOP!

Always remember to plan your trade ahead and figure out what to do in each scenario so that you won’t panic and do something you’d probably regret later on.

如何执行止损

如何执行止损

当你完成了你的作业,打造了不错的交易计划(包含设定好的止损水平),你现在要确保在市场背离你的交易时,执行止损。

有两种方法。一种是自动止损,另一种是利用心理止损。

哪种更适合你呢?

这就是困难所在,因为这个问题的答案取决于你的自律水平。

你有坚韧的心理素质和自控能力来坚持你的止损设定吗?

在交易最紧张的时候,长期赢家和输家间的差别在于能否客观的遵循预定计划。

交易者,尤其是没经验的新手,常常怀疑自己,在受损的痛苦中放弃原有的客观心态,悲观地想,“或许市场会在那转向。我应该持仓更久些,这样交易就会按照我的设想走了。”

错!

如果市场触及止损点位,你的交易理由就不成立了,是时候关闭交易了……不要问为什么!

这就是为什么万能的外汇神发命令限价委托。新交易者应该使用限价委托,在预定水平自动关闭受损交易。

这样你就没机会怀疑自己的交易计划,并因此犯错了。你也没必要坐在交易平台前执行交易。

这有多好?!

当然,随着你交易的次数和积累的经验越来越多,你就越有希望更好的理解市场行为,你的交易方法,你也会更自律。

只有在那时才能使用心理止损,但我们仍然极力推荐在大多数交易中使用限价委托作为离场的方法。

手动关闭交易将敞开犯错的大门(特别是在发生了未预见事件时),如在价格水平或头寸规模有误时入场交易, 突发断电,太过兴奋等等。

别让你的交易处于不必要的风险之中,将限价委托作为你坚实的后盾!

因为止损设定并不是一成不变的,你能移动它们,我们将以移动止损时的“应做事项”和“禁止事项”作为本课的结束内容。

别让情绪成为你移动止损的原因。如最初的止损设定一样,对止损的调整也应是在交易前预定好的。别让恐惧妨碍你的判断!

追踪止损。追踪止损意味着朝获利的方向移动止损。如果你要扩大现有规模,它能助你锁定获利,管理风险。

别扩大止损。增加止损只会增大你的风险和损失。如果市场触及你设定好的止损,你的交易就结束了。接受这一打击,寻找新的机遇。扩大止损基本上等同于没有止损,没有理由那样做!千万别扩大止损!

这些规则很好理解,但应严格遵从,特别是第3条规则。

要重申一下吗?

别扩大止损。

记住,要实现计划好交易。想好在每一个情境下应该怎么做,这样你就不会恐慌,做可能让你后悔的事了。