All language subtitles for 2. Stop Loss Placement (SL)--- [ DevCourseWeb.com ] ---

Get what you are selling point to stop us placement.

I choose to cover Stop-Loss placement first before our take profit because I believe that the stop loss

is the most important exit in the market.

You need to place a stop loss at a decision point where it will change your direction by as well for

the reason for your trait to not be valid and more a safe place to place your stock losses beyond the

last barrier to avoid size in the early days of my trading career.

I always get stopped out prematurely in the market simply because I place my stop loss in the wrong

place.

I would have guessed the right direction but before the trade goes in my favor it stops me afresh and

that is very frustrating.

Let me draw a scenario for you here.

OK we have an auction here in lets talk about intrigue on this pullback right here.

The system turned in price.

And if we are entering aggressively before the turn happens stop loss should be below this low here.

This is the last level barrier.

If you are entering after the turn Remember this is the last barrier and this is the turn right.

You might place a stop loss below the turn.

This is not a scenario here.

I wanted to illustrate the point of number one here K facing a stop loss at a decision point where he

would change direction by is.

So we're trying to get into long here.

Right.

Remember high highs and lows highs are those higher highs high or low still compared to this low.

OK so what's my point here.

It's safe to put a stop loss below this point here.

Instead of this point this essentially is also the last level barrier and as long as the market maintains

its structure it's still an uptrend.

It's quite straightforward on where to put a stop loss.

The important thing is to not place Stop-Loss too tightly to your entries.

You'll be Ripsaw out of the market more often than not.

Trust me on that.

All right.

Next we'll go over on where is take on profits.