I think on daily TF, trades need room to move, moving stop to breakeven after 50 pips in profit without any real price action reason, will result in cutting your profits.
You should be comfortable risking 1-2% if picking good entries, cutting your losses is done by using the stop loss in the first place, then trailing it at obvious danger zones.
I dont think one bar low/high is enough reason to move a stop, sure if you are heading into a brickwall ppz after 30 pips then move it then, although I wouldnt take a trade like that. There are enough A trades to choose.
Mark
You should be comfortable risking 1-2% if picking good entries, cutting your losses is done by using the stop loss in the first place, then trailing it at obvious danger zones.
I dont think one bar low/high is enough reason to move a stop, sure if you are heading into a brickwall ppz after 30 pips then move it then, although I wouldnt take a trade like that. There are enough A trades to choose.
Mark
Economists have forecast 9 out of the last 5 recessions