STOPS AND TRAILING PROFITS/STOPS
I SEE POSTS AND THE STOPS DOES NOT MAKE ANY SENSE, IT IS SO VERY IMPORTANT WHEN WE DEFINE A STOP OR TRAILING, MOST OF THE TIME TRADERS OPT FOR SHORT TERM TRADES AND GET TRAPPED, RISK REWARD RATIO AND THINGS LIKE THAT, I HAVE TO ADMIT ITS HILARIOUS, ITS LIKE DRAWING A TREND LINE ACCORDING TO OUR CONVENIENCE
TYPICALLY STOPS SHOULD BE USED DEPENDING ON THE TIME FRAME WE TRADE, EG - IF YOU ARE TRADING ON AN HOUR THEN YOUR STOPS SHOULD BE ON THE ONE HOUR CLOSE OF THAT PARTICULAR LEVEL AND NOT HAVE A DEFINITE STOP, WHERE BY THE STOP TRIGGERS AND MARKET MOVES UP
WE HAVE SEEN THAT A MILLION TIMES WHERE THE STOP HITS AND GOES UP OR DOWN, SO YEA STOPS SHOULD BE PLACED ON AN HOURLY CLOSING OR A DAILY CLOSING OF A PARTICULAR SUPPORT OR RESISTANCE
ENJOY :)
TYPICALLY STOPS SHOULD BE USED DEPENDING ON THE TIME FRAME WE TRADE, EG - IF YOU ARE TRADING ON AN HOUR THEN YOUR STOPS SHOULD BE ON THE ONE HOUR CLOSE OF THAT PARTICULAR LEVEL AND NOT HAVE A DEFINITE STOP, WHERE BY THE STOP TRIGGERS AND MARKET MOVES UP
WE HAVE SEEN THAT A MILLION TIMES WHERE THE STOP HITS AND GOES UP OR DOWN, SO YEA STOPS SHOULD BE PLACED ON AN HOURLY CLOSING OR A DAILY CLOSING OF A PARTICULAR SUPPORT OR RESISTANCE
ENJOY :)
DO WHAT OTHERS DON"T KNOW AND DON'T DO WHAT OTHERS KNOW
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