One wrong trade deplets the small profits of several other porfitable trades. What is the strategy to aviod this in scalping Method? Putting stop loss is not possible as being too big. What is the solution?
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DislikedOne wrong trade deplets the small profits of several other porfitable trades. What is the strategy to aviod this in scalping Method? Putting stop loss is not possible as being too big. What is the solution?Ignored
DislikedIf your stop gets hit, it should be at the point where you no longer want to be in the trade -
at the point where you would no longer consider getting in the original trade
- even at the point where you would consider trading in the other direction.
If you're placing stops using any other method then you have not given it enough thought........
and
The best trades I ever made are the ones where I had a scalpers stop loss but a swing traders TP.Ignored