Gits (Hooglede) Belgium
Legendary Market Wizard
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
Posts: 3,003 since Sep 2013
Thanks Given: 2,442
Thanks Received: 5,863
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If your stops work, based on what you are doing, that makes sense.
I have seen other traders doing similar to what you are doing.
A stop depends on :
- your style
- your timeframe
- your appetite for risk
Keep in mind a stop is a safety, and should not be something that gets 'hit', when the trade didn't work
very often, if not almost, you can tell a trade doesn't work, long time before the stop is hit
It is very easy to click the "close" button, when the trade is in positive ground
the same thing becomes much more difficult once you start to loose on a trade
a lost word : once you start to pray the trade will work it, you are almost sure it will not
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