I have a mental stop loss based on the chart… there’s a point in every chart when you know that the trade isn’t “ breathing”, but has gone against you based on structure. That’s when I cut the trade.
Maybe after your trade hits certain pips set BE, when it hits 50% take 50% partials, now your in profit and you’ve set trade to BE with other 50% TP now let it run and make your self shisha
Better to have risk management and get stopped out cuz of a late entry then have no stop loss and it completely reverse and blow your account , although there are ppl that use no stop loss but that's because they are staring at the chart the whole time managing the trade
💪🏽💯🔥
To set a stop at breakeven you gotta go ITM first… I think most people struggle more with that first part 😂
I have a mental stop loss based on the chart… there’s a point in every chart when you know that the trade isn’t “ breathing”, but has gone against you based on structure. That’s when I cut the trade.
Maybe after your trade hits certain pips set BE, when it hits 50% take 50% partials, now your in profit and you’ve set trade to BE with other 50% TP now let it run and make your self shisha
Break even, give it room to pull back to support, whatever. Just use one.
I stopped using Stoploss a year ago, I win way more without Stoploss. If you're using Stoploss, you're choosing to lose.
I never use a stop loss… I feel like it’ll stop me out too early, but I’m a new trading loser lol
Good way to blow up your account
Lol u can use stop loss if you're not necessarily paying attention but u can swing a lil or close if u feel you're losing 2 much
Sometimes it swings to stop u out, u lose but sometimes it swings and you're back in profits. It's up to you what you're willing to risk
Or your entry is key either way, entries n exits. Sometimes u exit early, sometimes u hold
Better to have risk management and get stopped out cuz of a late entry then have no stop loss and it completely reverse and blow your account , although there are ppl that use no stop loss but that's because they are staring at the chart the whole time managing the trade