Traders Protective Stop Loss
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Stops Are Crucial To Your Success
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Traders need protective stop to lower their capital exposure in a trade. Many ways to place a protective stop for your trading account and the one I present here, is the easiest and most objective trading plan for your stops.
Transcript of Traders Protective Stop Loss
Stops Are CrucialTo Your Success
Trade needs wiggle room limited by your exposure parameters - .5-3%?
Stops sit as limit orders.Execute as market orders.
Risk of Slippage
We need to place a stop.
But where?
Use Objective Rules To Keep Emotions Out Of The Equation
In a downtrend watchthe higher highs
Objective method for stops and letting the
market dictate when to exit
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