How many pips is best to set a stop loss? After the opening of the futures position, you must set a stop loss at the first time, otherwise you will blow up the position sooner or later, let alone expect to make money. Today, I have a deep understanding of what is bad

How many pips is best to set a stop loss? After the opening of the futures position, you must set a stop loss at the first time, otherwise you will blow up the position sooner or later, let alone expect to make money. Today, I deeply realized what it means to almost blow up the position, and return to the pre-liberation period in half a day... Being destitute or being a man again or eating a meal without eating [I want to be quiet] [I want to be quiet].

Originally I had special experience in operating polypropylene PP, earning it twenty or thirty points a day has no problem at all [laughs] [laughs], there are three reasons for choosing to do PP polypropylene:

1 the handling fee is cheap, the exchange stipulates that polypropylene trading / closing positions are 1 yuan a hand, like the senior customer is 1.01, that is, the futures company only charges a penny more than [laughing and crying]

2 This polypropylene pulls up, the fall is more smooth: good operation,

3 Look at the polypropylene on the obvious there is room to rise, feel that you can still hold the operation,

From last night to morning, the repeated operation ten times is all to make money [laughs] [laughs], of course, some earn more than a thousand blocks, some earn less than dozens of pieces: a total of more than three thousand, a little proud ah.

Did not want to get carried away, soon by the market hit: the cost price of 8595 in the morning to buy people polypropylene to do more, and then four or five minutes to pay back the book to earn two hundred yuan, of course, I thought that it would continue to continue the previous pull up the market, and then I thought about what to eat at noon to treat myself, after all, we made money [I want to be quiet] [I want to be quiet].

However, after a few minutes, the painting style suddenly changed, and it went all the way down without looking back: because the polypropylene was a little smooth in these two days, the stop loss was not set, and I thought that it would rise back immediately... In the afternoon, it plummeted, from a loss of 500 to a loss of a thousand to a loss of two thousand, three thousand, four thousand, five thousand... It's really tearless to see the losses that are constantly magnified, who is to blame?

Well, the pioneer said: the stop loss is executed is only a small loss of money, if not set in time and the position is not set and there is no chance of a comeback ...

We can't just say we don't practice, can we?

Remember that a master said: small profits and small losses + occasional big profits + can not make big losses [likes] [likes].