Usually, before opening a position, beginner traders will be faced with this question;
"How much money do you want this position to allocate, yeah?"
Well, if you still do not really understand the dynamics of market price movements, they usually only shift the Stop Loss to the size of the allocation of the risked capital. For example like this:
incorrectly put take profit and stop loss because lots are too big
The picture above is a face-to-face market order for the USD / JPY pair. On the pair, the movement of 1 pip on a standard lot is worth around US $ 8.7.
Say, Budi is a trader yesterday afternoon. He only allocates the money so that each position is only limited to around US $ 100. Because of his cup, just trading has used a full lot, good. Without thinking, he only shifted the Stop Loss distance (the money that was dared to trade) until it reached the limit value.
Try checking, because of the lack of understanding, finally Budi only installs Take Profit and Stop Loss not far from the entry position. Got it, bro. Hit Stop Loss, that means.
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