Guys - remember that brokers encourage stop losses of 20 - 40 pips from your opening price. Thats the key to them making money when you get stopped out. You must allow for daily noise/volatility as price moves in waves and by putting a stop loss so close to your opening price your capital will be eroded eventually.Trust me, I was also a newbie. I always place my stop loss 150 pips + allowing enough breathing space to trade and to cover just in case a country gets Nuked etc......
