4 Types Of Stop Losses

Forex Stop Loss

Let’s face it. The market will always do what it wants to do, and move the way it wants to move. Every day is a new challenge, and almost anything from global politics, major economic events, to central bank rumors can turn currency prices one way or another faster than you can snap your fingers.

This means that each and every one of us will eventually take a position on the wrong side of a market move.

Being in a losing position is inevitable, but we can control what we do when we’re caught in that situation. You can either cut your loss quickly or you can ride it in hopes of the market moving back in your favor.

Of course, that one time it doesn’t turn your way could blow out your account and end your budding trading career in a flash.

The saying, “Live to trade another day!” should be the motto of every trader on Newbie Island because the longer you can survive, the more you can learn, gain experience, and increase your chances of success.

This makes the trade management technique of “stop losses” a crucial skill and tool in a trader’s toolbox.

Having a predetermined point of exiting a losing trade not only provides the benefit of cutting losses so that you may move on to new opportunities, but it also eliminates the anxiety caused by being in a losing trade without a plan.

Less stress is good, right? Of course it is, so let’s move on to different ways to cut ‘em losses quick!

Now before we get into stop loss techniques, we have to go through the first rule of setting stops.

Your stop loss point should be the “invalidation point” of your trading idea.

When price hits this point, it should signal to you “It’s time to get out buddy!”

In the next section, we’ll discuss the many different ways of setting stops.

There are four methods you can choose from:

  1. Percentage stop
  2. Volatility stop
  3. Chart stop
  4. Time stop

Ready? Let’s get started!

止损?那是什么?

Setting Stop Losses 设定止损 1

面对现实吧。市场总是做它想做的,按它自己的方式变动。每天都是一个新挑战。几乎所有事, 从世界政治,重大经济事件到央行传言都会在弹指间让货币价格发生这样或那样的变化。

这意味着,我们中的每一个人都有可能在市场变动的另一边轧上头寸。

处于受损状态是不可避免的,但是我们可以控制在那种情况下我们的行为。你可以快速斩仓止损或你继续持仓,希望市场能够朝对你有利的方向变动。

当然,如果它未按你的希望变动,就可能会毁了你的账户,即刻结束你的交易生涯。

“留得青山在,不怕没柴烧”这句话应该成为每位交易者的座右铭,因为你存活的时间越长,你能学习到的就越多,积累的经验也就越多,成功的几率也会随之增加。

这使得“止损”这一交易管理技术成为一个十分重要的技能及交易者工具箱中必备工具。

预先设定好受损交易中的离场点位不仅能够减少损失,以便你能转向下一个机遇,还能消除由于没有计划致使受损交易带来的担忧。

压力小很好,不是吗?当然是,所以让我们赶快去了解一下减少损失的方法吧!

在我们进入到止损技能的学习之前,我们要过一遍设定止损的首要规则。

你的止损点对你的交易设想来说必须是“无效的点位”。

当价格达到该点时,它向你发出了“兄弟,是时候离场了”的信号。

下一节,我们将讨论不同的设定止损的方法。

有四种方法可供你选择:

l 资金止损

l 波动止损

l 图表止损

l 时间止损

准备好了吗?那我们开始了!

How To Set A Stop Loss Based On A Percentage Of Your Account

Let’s start off with the most basic type of stop: the percentage-based stop loss.

The percentage-based stop uses a predetermined portion of the trader’s account, say 2%, that a trader is willing to risk on a trade.

The percentage risk can vary from forex trader to forex trader -more aggressive ones risk up to 10% of their account while less aggressive ones usually have less than 2% risk per trade.

Once the percentage risk is determined, the forex trader uses his position size to compute how far he should set his stop away from his entry.

This is good right?

A trader is putting a stop, which is in accordance with his trading plan.

This is good trading right?

WRONG!!!

You should always set your stop according to the market environment or your system rules, and not how much you want to lose.

We bet you’re thinking right now, “Huh? That doesn’t make any sense. I thought you said that we need to manage risk.”

We agree that this sounds confusing, but let us explain with an example. You remember Newbie Ned from your Position Sizing lesson don’t you?

Newbie Ned has a mini account with $500 and the minimum size he can trade is 10k units. Newbie Ned decides to trade GBP/USD, as he sees that resistance at 1.5620 has been holding.

As per his risk management rules, Ned will risk no more than 2% of his account per trade.

At 10k units of GBP/USD, each pip is worth $1 and 2% of his account is $10. So, the largest stop Ned can put on is 10 pips, which is what he does on this trade by putting his stop at 1.5630.

10 pip stop just above resistance

But GBP/USD moves over 100 pips a day! He could easily get stopped out at the smallest move of GBP/USD. Because of the position limits his account is set to, he is basing his stop solely on how much he wants to lose instead of the given market conditions of GBP/USD.

Let’s see what happens next.

Stop loss too tight

And bam! Ned got stopped out right at the top, because his stop loss was too tight! And aside from losing this trade, he missed out on a chance to grab over 100 pips!

From that example, you can see that the danger with using percentage stops is that it forces the forex trader to set his stop at an arbitrary price level.

Either that stop will be located too close to entry, like in Newbie Ned’s case, or at a price level that doesn’t take technical analysis into account.

For all you know, you could be setting your stop right at that level where the price could turn and head your way (who hasn’t seen that before?). But because you already got stopped out, you wouldn’t be able to bag those pips! Darn it!

The solution for Ned is to find a broker that suits his trading style and starting capital.

In this case, Ned should trade with a forex broker that allows him to trade micro or even custom lots. At 1k of GBP/USD, each pip is worth $0.10.

In order for Ned to stay within his risk comfort level, he can set a stop on GBP/USD to 100 pips before losing 2% of his account. He now has the ability to set his stop to the market environment, trading system, support & resistance, etc.

资金止损

让我们从最简单的止损类型开始:资金止损。

这也被称为比例止损,因为它使用确定的交易账户比,假设2%,也就是交易者愿意用来冒险的比例。

不同交易者的风险比例不同——较激进的交易者会拿高达账户的10%的金额冒险,而不太激进的,每个交易通常只愿意用低于账户总额的2%冒险。

风险比例一旦确定,交易者会利用他们的头寸规模来计算他们的止损离入场点位多远。

很不错,对吗?

交易者按照交易计划设定好止损。

这是个很好的交易,对吗?

错!!!

你应该根据市场环境和系统规则设定止损,而不是你想要的止损数额。

我们打赌你现在肯定在想,“哈!没理由啊。我记得你说过我们要控制风险。”

我们承认这听起来有些让人不解,让我们举例说明一下。还记得头寸规模课程里的张三吗?

张三以500美元开了一个迷你账户,他能够交易的最小规模是1万单位。张三决定交易英镑/美元,因为该货币对在1.5620阻力位受阻。

根据他的风险管理规则,每次交易,张三只愿拿小于账户总额的2%冒险。

1万单位英镑/美元,每点价值1美元,账户的2%为10美元,所以,张三能够接受的最大止损是10点,这也就是他在这个交易中所做的,把止损设定在1.5630。

Setting Stop Losses 设定止损 2

但英镑/美元每天变动超过100点!他很容易就止损离场了,即使英镑/美元变动很小。由于他的账户限定了头寸限额,他仅凭想要的最大损失而不是英镑/美元的市场环境设定了止损点位。

让我们看看接下来发生了什么。

Setting Stop Losses 设定止损 3

嘭!张三恰巧在顶部止损离场了,因为他的止损设定太紧了!除了损失了这次交易,他还错过了抓住超过100点变动的机会。

从这个例子中,你可以看到,使用资金止损的危险在于它迫使交易者将止损设定在任意价位。

止损要么离入场点位太近,如这个例子中张三的做法,要么在一个丝毫未将技术分析考虑在内的位置。

尽管你知道,你可以将止损设定在价格要转向,开始朝对你有利的方向发展的水平(难道没有人见过这种状况吗?),但是由于你已经止损离场了,你不能将那些点位纳入囊中!真讨厌!

为张三提供的解决方法是通过允许其使用微型手或自定义规模的经纪商交易。1千单位英镑/美元,每点价值是0.10美元。

张三要想待在风险适宜区内,他可以对英镑/美元设定100点的止损,在这个范围之内,他的损失都小于账户的2%。现在他可以按照市场状况、交易系统、支撑阻力等设定其止损大小了。

How To Set A Stop Loss Based On Support And Resistance From Charts

A more sensible way to determine stops would be to base it on what the charts are saying.

Since we’re trading the markets, we might as well base our stops on what the markets are showing us… Makes sense, right?

One of the things that we can observe in price action is that there are times when prices can’t seem to push or break beyond certain levels.

Often times, when these areas of support or resistance are retested, they could potentially hold the market from pushing through once again.

Setting stops beyond these levels of support and resistance makes sense, because if the market does trade beyond these areas, then it is reasonable to think that a break of that area will bring in more traders to play the break and further push your position against you.

Or, if these levels DO break, then there may be forces that you are unaware of suddenly pushing the market one way or another.

Let’s take a quick look at a way to set your stops based on support and resistance:

Chart Stop Loss

On the chart above, we can see that the pair is now trading above the falling trend line.

You decide that this is a great breakout trade setup and you decide to go long.

But before you enter you trade, ask yourself the following questions:

Where could you possibly set your stop?

What conditions would tell you when your original trade idea is invalidated?

A stop below 1.2800 would be ideal

In this case, it makes the most sense to set your stops below the trend lines and support areas.

If the market moves into these areas, that means the trend lines drew no support from buyers and now sellers are in control.

Your trade idea was invalidated and it’s time you to suck it up, exit the trade, and accept the loss.

If you want a real life example, take a look at Huck’s trend line play on EUR/USD!

图表止损

更明智的设定止损的方法是根据技术图表所提供的信息进行。

既然我们在市场中交易,或许我们可以将止损设定建立在市场的表现之上……有道理,不是吗?

我们在价格行为中能观察到的是价格不能突破某个水平的状况。

通常,这些支撑或阻力位再次被测试时,它们有控制市场,使其不能再次突破的潜能。

在超出这些支撑和阻力水平之外设定止损是可行的。因为如果市场超出这些区域交投,有理由认为打破这个区域将使更多交易者加入到交投中来,使你的头寸进一步背离你的设想。

也有可能,这些水平被打破了,一些你未意识到的动力突然迫使市场朝这个或那个方向移动。

让我们简单看一下基于支撑和阻力设定止损的方法:

Setting Stop Losses 设定止损 4

从上图中,我们看到该货币对正在下行趋势线下交投。

你认为这是一个很好的突破交易设定时机。你决定要做多。

在进入交易前,问自己以下问题:

你的止损可以设定在哪?

什么样的情况将告诉你,你原有的交易想法是不可行的?

Setting Stop Losses 设定止损 5

在这个例子中,将止损定在趋势线下的支撑区域是最合理的。

如果市场进入这个区域,这意味着趋势线不支持买方,目前卖方控制着市场。

你的交易设想是无效的,是时间收手,离开交易,接受受损现实了。

How To Set A Stop Loss Based On Price Volatility

To put it in simple terms, volatility is the amount a market can potentially move over a given time.

Knowing how much a currency pair tends to move can help you set the correct stop loss levels and avoid being prematurely taken out of a trade on random fluctuations of price.

For instance, if you are in a swing trade and you know that EUR/USD has moved around 100 pips a day over the past month, setting your stop to 20 pips will probably get you stopped out too early on a small intraday move against you.

Knowing the average volatility helps you set your stops to give your trade a little breathing room and a chance to be right.

As we explained in a previous lesson, one way to measure volatility is by using Bollinger Bands. You can use Bollinger bands to give you an idea of how volatile the market is right now.

This can be particularly useful if you are doing some range trading. Simply set your stop beyond the bands. If price hits this point, it means volatility is picking up and a breakout could be in play.

Place your volatility stop past the Bollinger bands

Another way to find the average volatility is using the Average True Range (ATR) indicator. This is a common indicator that can be found on most charting platforms, and it’s really easy to use.

All the ATR requires is that you input the “period” or amount of bars, candlesticks, or time it looks back to calculate the average range.

For example, if you are looking at a daily chart, and you input “20” into the settings, then the ATR indicator will magically calculate the average range for the pair over the past 20 days.

Or if you are looking at an hourly chart and you input 50 into the settings, then the ATR indicator will show you the average movement of the last 50 hours. Pretty sweet, huh?

How To Set A Stop Loss Based On Price Volatility

This process can be applied by itself as a stop or in conjunction with other stop loss techniques.

The point is to give your trade enough breathing room for fluctuations here and there before it heads your way… and hopefully it does.

波动止损

简而言之,波动就是一段时间内,市场可能出现的潜在的变动幅度。

了解货币对的变动幅度可以帮助你正确的设定止损水平,避免因价格的任意波动,过早的止损离场。

例如,如果你处于波段交易之中,你知道在过去的1个月里,欧元/美元每日变动幅度约为100点,将止损设定为20点会使你过早的离场,只要日内出现背离你的交易的小变动。

知道平均变动幅度可以帮助你在设定止损时给自己的交易预留一点呼吸空间和调整机会。

正如我们在之前的课程里介绍的,衡量变动的方法之一是利用布林格带。你可以通过布里格带来了解目前市场大致的波动幅度。

这一方法在做区间交易时相当有效。只要将止损设定在布林格带之外的区域就可以了。如果价格达到该点,则意味着波动增加了,突破出现了。

Setting Stop Losses 设定止损 6

另一种寻找平均波动幅度的方法是使用平均真实波动幅度(ATR)指示器。这是一个常用的指示器,可以再大多数的图表平台中找到,而且用起来十分简单。

ATR所需的就是你将它需要回溯的“时间段”或条、烛台的数目,或时间输入进去,计算出平均波动幅度。

例如,如果你看的是张日图,你在设置一栏里输入20,ATR指示器就神奇的计算出该货币对过去20天内的平均波动幅度了。

或者,你在看小时图,你在设置一栏里输入50,ATR指示器将显示出50个小时的平均变动是多少。很贴心,哈?

Setting Stop Losses 设定止损 7

这个方法可单独作为止损设定的方法,也可以与其他止损技巧联合使用。

关键在于要给你的交易足够的呼吸空间,以应对在按你的交易设定变动前,市场出现的这样或那样的波动……希望它能按照你的设想变动。

How To Set A Stop Loss Based On A Time Limit

How To Set A Stop Loss Based On Time

Time stops are stops you set based on a predetermined time in a trade. It could be a set time (open limit time of hours, days, weeks, etc.), only trade during specific trading sessions, the market’s open or active hours, etc.

For instance, let’s say you are an intraday trader and you’ve just put on a long trade on EUR/CHF and it hasn’t gone anywhere. We’re talking real snoozeville here!

Price isn't moving for a long time

Why keep your money locked up in this trade when you can use it to take advantage of this one…

EUR/USD has more movement

More movement, more pips! Yeah baby!

Because of your predetermined rules and the fact you do not like to hold trades overnight you have decided to close the position at 4:00 pm, when you’re usually done for the day and go off to your bi-weekly poker tournament.

Or maybe you are a swing trader and you decided to close your positions on Friday to avoid gaps and weekend event risk.

Also, having some margin tied up in a dead trade could be costing you an opportunity in another great trade setup somewhere else.

Set a time limit and cut off that dead weight so that money can do what it is meant to do… Make more money!

时间止损

Setting Stop Losses 设定止损 8 

时间止损是指根据交易中的预订时间设定止损。它可以是确定的时间段(某几个小时、天、周等)。如只在某个特定的交易时段、市场开盘或活跃的时间里交易,等等。

例如,假设你是日内交易者,你刚做多了欧元/瑞郎,它未能发生任何变化。

Setting Stop Losses 设定止损 9

为什么要在你可以利用这笔钱交易时,把钱套在这个交易里……

Setting Stop Losses 设定止损 10

活动越频繁,获得的点数越多!好的,宝贝!

由于既定规则及你不愿将交易保留过夜,你决定在下午4点结束交易。你通常在那时结束一天的交易,然后去玩几把星际争霸。

你也可能是一个波段交易者,你决定在周五平仓以规避断档和周末事件风险。

此外,将保证金困在无用的交易之中将使你错失好的交易设定。

设定时间限制,去除净负载,这样,钱就可以用来做它该做的……赚更多的钱!

4 Big Mistakes Traders Make When Setting Stops

In this section, we’ll talk about the common mistakes traders make when using stops. Sure, it’s one way to practice proper risk management but when used incorrectly, it could lead to more losses than wins. And you don’t want that, do ya?

1. Placing stops too dang tight.

Stop Loss Too Tight! The first common mistake is placing stops tighter than those leather pants that Big Pippin used to wear back in the retro days.They’re so tight that there ain’t no room to breathe!

In placing ultra-tight stops on trades, there won’t be enough “breathing room” for the price to fluctuate before ultimately heading your way.

Always remember to account for the pair’s volatility and the fact that it could dilly-dally around your entry point for a bit before continuing in a particular direction.

For instance, let’s say you went long GBP/JPY at 145.00 with a stop at 144.90. Even if you are right in predicting that the price would bounce from that area, it’s a possibility that the price will still dip 10-15 pips lower than your entry price before popping higher, probably until 147.00.

But guess what?

You weren’t able to rake in a 200-pip profit because you got stopped out in a jiffy. So don’t forget: Give your trade enough breathing room and take volatility into account!

2. Using position size like “X number of pips” as a basis for stops.

We’ve mentioned this earlier in the lesson already: Using position size like “X number of pips” or “$X amount” instead of technical analysis to determine stops is a BAD idea. We learned that from Newbie Ned, remember?

As we discussed, using position sizing to calculate how far your stop should be has nothing to do with how the market is behaving. Since we’re trading the market, it’d make much more sense to set stops depending on how the market moves.

After all, you picked your entry point and targets based on technical analysis so you should do the same for your stop. Position size should depend on your stop loss

We’re not saying that you should forget about position size completely. What we’re recommending is that you should decide where to place your stops first BEFORE calculating your position size.

3. Placing stops too far or too wide.

Some traders make the mistake of setting stops way too far, crossing their fingers that price action will head their way sooner or later. Well, what’s the point of setting stops then?

What’s the point of holding on to a trade that keeps losing and losing when you can use that money to go for a more profitable one?

Setting stops too far increase the amount of pips your trade needs to move in your favor to make the trade worth the risk.

The general rule of thumb is to place stops closer to entry than profit targets.

Of course you’d want to go for less risk and bigger reward, right? With a good reward-to-risk ratio, say 2:1, you’d be more likely to end up with profits if you’re right on the money with your trades at least 50% of the time.

4. Placing stops exactly on support/resistance levels.

Setting stops too tight? Bad. Setting stops too far? Bad. Where exactly is a good stop placed then? Well, not exactly on support or resistance levels, we can tell you that. How come?

Didn’t we just say that technical analysis is the way to go when determining stops? Sure, it’s helpful to note nearby support and resistance levels when deciding where to place stops.

If you’re going long, you can just look for a nearby support level below your entry and set your stop in that area. If you’re going short, you can find out where the next resistance level above your entry is and put your stop around there.

But why isn’t it a good idea to put it right smack on the support or resistance level? The reason is that the price could still have a chance to turn and head your direction upon reaching that level.

If you place your stop a few pips beyond that area then you’d be more or less sure that the support or resistance is already broken and you can then acknowledge that your trade idea was wrong.

首要使用错误

本节,我们将讲讲交易者们设定止损时常见的错误。设定止损是练习资金管理的可行方法之一,但若使用不当,它会导致受损增加,而非获利增加。你不希望那样,对吗?

止损设定太紧

Setting Stop Losses 设定止损 11

第一个常见的错误就是止损设定太紧,以至于没有呼吸的空间。

给交易设定超级紧的止损,则在价格按照你设想的方向变动前,无法给其预留足够的呼吸空间。

记住要将货币对的波动性考虑在内,在按某个方向变动前,它有可能会在入场点位附近晃悠一会。

例如,假设你在145.00做多英镑/日元,并将止损设定在144.90。即使你正确的预计了价格将在这个区域反弹,但它很有可能会在向上反弹至147.00前,向下变动10至15点。

猜猜发生了什么?你不能斩获200点利润,因为你立即止损离场了。

所以别忘了:给你的交易足够的呼吸空间,把波动考虑在内!

用头寸规模作为止损设定的基础

在之前的课程里,我们已经提及了这点:使用头寸规模而非技术分析来确定止损并不是个好主意。我们从新手张三那学到了这点,还记得吗?

正如之前所讨论的,使用头寸规模计算止损的大小与市场行为毫无关联。既然我们在外汇市场中交易,根据市场变动设定止损将更有理有据。

毕竟,你是根据技术分析确定入场点位和目标的,那么设定止损时也理应如此。

Setting Stop Losses 设定止损 12

我们并不是说你应完全忘了头寸规模。我们的建议是你应在确定了止损点位后再计算头寸规模。

止损设定的太宽

一些交易者会犯止损设定太宽的错误,祈求价格按照他们的设想走。

那设定止损的意义在哪呢?持有一个不断受损的交易,而不用那笔钱进行获利交易的理由是什么呢?

止损设定的太宽会增大你的交易变动幅度,这样你冒那么大的险才值得。

首要原则是止损离入场点位的距离要小于获利目标与该点位间的距离。

你当然希望风险小、回报大,对吧?有好的回避风险比,如2:1,你更有可能在交易正确率至少为50%的情况下获利。

直接将止损设定在支撑或阻力水平

止损设定太紧?不好。止损设定太宽?不好。那好的止损应该在哪呢?好吧,反正不是直接设定在支撑或阻力位上,这点我们可以保证。

怎么会?不是才说过技术分析是确定止损的方法吗?

当然,注意到附近的支撑和阻力水平对我们设定止损有很大的帮助。

如果你做多,看看你入场位置附近的支撑水平在哪,将止损设定在那个区域。

如果你做空,你应该找找入场位置附近的阻力位,并将止损设定在那附近。

但是为什么将止损设定在支撑或阻力水平上不好呢?

原因在于价格仍有可能变化,在触及该水平前按照你预想的方向变动。如果你将止损设定在该区域之外,你可能更确定或更不确定支撑和阻力位是否已经被打破了,然后你就能知道你的交易理念是否错了。

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!

Setting Stop Losses 设定止损 13

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。

Setting Stop Losses 设定止损 14

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。

Summary Of Setting Stops

Tips On Setting Forex Stop Losses

Well there you have it… BabyPips.com’s awesome primer to setting stop losses. Now let’s review the things you need to remember about stop losses.

  1. Find a broker that allows you to trade position sizes that suits the size of your capital and risk management rules.
  2. We use the word “predetermined” a lot in this lesson because you should ALWAYS know when to get out before you open a position. Once you are already in a trade and it’s turned into a loser, you lose the ability to make a decision to exit the trade with a clear head. That could be very bad for your account balance!
  3. Set stops to the current market environment, framework, or trading method. Do not set your exit levels to how much you are willing to lose. The market does not know how much you have or how much you’re willing to lose. Quite frankly, it doesn’t care. Find the stop levels that prove your trade wrong first and then manage your position size according to it.
  4. Use limit orders to close out your trade. Mental stops should only be used by those with a bazillion trades recorded in their journal. Even then, limit orders are still the way to go: emotionally unbiased and can be automatically executed while you are taking in some sun on the beach and sipping on virgin margaritas, Pip Surfer’s favorite!
  5. Only move your stop in the direction of your profit target. Trailing stops are good, widening stops are very, very bad!

Like anything else in trading, setting stop losses is a science and an art.

Markets are dynamic, volatility is well… volatile, and a rule or condition that works today may not work tomorrow.

If you continually practice the correct way to set stops, record and review your thought processes and trade outcomes in your journal, then you’ll be one step closer to becoming a professional risk manager!

总结:设定止损

Setting Stop Losses 设定止损 15

好了,你现在知道了……这里有教授设定止损的初级读本。让我们来回顾一下,关于设定止损,你应记住哪些内容。

找到允许你按照与你的资产大小和风险管理规则相符的交易规模交易的经纪商。在这一章节中,我们多次使用了“预定”这个词,因为你要在开立头寸前知道何时应该离场。一旦你进入到交易之中,而该交易为受损交易,你就失去了以清醒的头脑决定何时离场的能力。这对你的账户余额来说非常糟糕。

根据当前的市场情形、框架或交易方法设定止损。不要按照你能接受的损失大小设定止损。市场不知道你交易了多少或你能接受的损失。事实上,它并不关心这点。先找到能证明你的交易设定有误的止损水平,然后根据它管理你的头寸规模。

使用限价委托结束交易。只有那些交易的许许多多次的人才能使用心理止损。即便到了那时,限价委托仍是选择之一:情感上没有偏颇,能在你享受休闲生活时自动执行。

沿着获利目标的方向移动止损。追踪止损是个不错的做法,扩大止损则十分糟糕!与交易中的其他事物一样,设定止损也是一种科学和艺术。

市场是动态的,波动性很强……今天适用的规则和条件明天或许就不适用了。

如果你一直按照正确的设定止损的方法练习,在日志中记录并回顾你的交易思路和交易结果,你就能离成为专业的风险管理者更近一步!