Dear All,
I have my stoploss hit two times today, with the price just bouncing right after knocking me out . What I normally do is, as soon as I enter a trade, I put a stoploss as close as possible (as close as the broker allows me to). I would like to know, how do you people choose a stoploss for your trade and also, do you put on trailing stop right from the beginning? or after the trade goes into your favour? also if you set it to any different then the static stoploss?
Thanks for your time,
Regards,
Usman.
I have my stoploss hit two times today, with the price just bouncing right after knocking me out . What I normally do is, as soon as I enter a trade, I put a stoploss as close as possible (as close as the broker allows me to). I would like to know, how do you people choose a stoploss for your trade and also, do you put on trailing stop right from the beginning? or after the trade goes into your favour? also if you set it to any different then the static stoploss?
Thanks for your time,
Regards,
Usman.
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