Using stop loss orders to protect yourself from large losses.

[naynay447]

If the fundamentals are good, I'm scaling in as it goes down. C'mon, if some bs in Ireland can pull us down 5%, that's a great opportunity to catch a quick 5% gain the next few days. Do you treat your investments like you treat your trades? Great trade process, btw, but do you look at investments the same way?

[DavesAllNightCafe]

Hi pips,

If I understand your question correctly, as you added to a winning position your profit increases quicker because you have more contracts. So, no, your stop would actually get smaller as you trailed it.

[pipsondemand1]

Hiya Dave, great video thank you. Just one question on adding to your winner, wont that mean I'd ahve to have a larger stop as price goes in my favour ? I'd only have a 100 pip stop on my first trade for example, but once I've added a second and thoried then where would I place those stops and surely they would need to be bigger ? many thanks in advance.

[65616larry]

good stuff Dave,u tell it like it is ....