Hi fellows, In this educational post, You will learn where your stop loss is reasonable, safe and most effective and increase the rate of success. Stop placement is a professional skill. Trading without limiting losses is highly dangerous. When it comes to trading on waves and classical chart patterns then your stop loss should be there where it is safe and secure. When a trend starts to appear and set the direction of that particular asset then you can use that place for stop loss. Normally we call that place impulse generation point and we call this technique putting stop loss behind the impulse. I will post couple of examples for better understanding. If you have any question regarding this then please you can post in the comment area i will try my best to answer of your questions.Thanks fellows.