Practical stop-loss planning for profits and survival.

[FibMaster]

It has been said that even with poor entry and exit techniques, good money-management and risk control can make you a profitable trader.

If you operate under the false assumption that you must have more winning trades than losing trades, and your winning trades must be bigger than your losing trades, you are wrong! See the video below to learn about this issue.

Stop loss planning is one area that many traders struggle with. The most common strategies are terrible and just about guarantee failure! There are far better ways to plan your stops and manage your trades.

The common strategy of using a stop placed a fixed distance from your entry is a disaster for most traders!

There are simple strategies that can make a dramatic difference to your result.

If you keep your stops too close, they will certainly be hit. If your stops are too far away, your risk is too large. So what is the solution?

Stop-loss video http://tinyurl.com/ca9qaj

Stop-loss spreadsheet (Open-office format) http://tinyurl.com/c8yfwz
Stop-loss spreadsheet (Microsoft Excel format) http://tinyurl.com/dmbw35

FibMaster Stop-Loss webinar April 4th http://www.fibmarkets.com/pro_seminars/index.html

Dear Neal, Thanks for keeping me in the loop! I continue to make great pips using your trading strategies and each new seminar has helped me to boost my gains and cut my losses.
If I continue in this great direction, by next year I will have a boat just like yours, and then I will send you a pic! Maybe you can teach me to sail. :-)
Best Wishes, Linda

Hi Neal,

Konstantin is here.

Hope you had a great weekend!

Just wanted to drop you a quick note regarding our Sat seminar.

Well, you won't be surprised.....but it was just a kind of academic level of education in trading. So, as a conclusion after having attended all of your webinars, I must say that you gave us almost everything necessary to succeed in the markets, the rest is up to us.

I sincerely thank you for your efforts, and wish you all the best!

Neal you are simply wonderful. I short the Eur/usd yesterday at 1.2678 I woke up this morning and am seeing 91pips! i just adjusted my trailing stop. Thanks for everything.
You are fantastic!

Felix

Your method has worked wonders for me this week. Trading on 5m and 2m charts with guidance from
day, 240m, 60m charts, have been able to collect as many as 600, 800, etc. pips per day using
patterns and TRSI for early entries, and SK retrace levels and TRSI for add-on or later entries.

Steve

Good morning Neal:

Thank you again for a very informative webinar yesterday. As always great material and you cleared up a few nuances that I was curious about.
Enjoy the rest of your weekend.

Best,

Jerry

Absolutely wonderful seminar again! ur a natural teacher.
great job defining all considerations in price action. ur right, tho, its hard to keep the discussion exactly to the details of price action when u need great consideration to sk's, prior swings, lines, trsi, etc... what a ton of work u'v done w this!
i hope u keep coming up w more! -Lori

Hi Neal,

Going back through all of the classes I’ve taken from you…I wanted to send you a quick note to say thank you for what you teach and your willingness to answer questions to help clarify things for me. I appreciate the education, and the real world approach to trading. In my book you are outstanding!

I’m looking forward to your upcoming class on “Putting it all together!”

Take care,

Justin

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[Justin]

If you haven't taken this seminar training from the FibMaster, do yourself a favor - take it. His method for stops makes sense.

The proper use of stops - where to place them, how far away from a Fib support level, should you make them trailing - was a big thing for me as I would constantly set them too close and get stopped out right before the move. Neal's use of a disaster stop and using lower timeframes to enter and place stops is very good - and it works.

Swing the odds more in your favor...take this seminar.