DislikedYeah, I was in that trade long last night for the BO, closed it then went short for the BO on the bottom... LG, how do you handle this possible BO on bottom when you have no SL for your trades? It could have turned ugly if the BO continues south... It looks like it invalidates your long trade, but how long do you watch it go against you?Ignored
If I have the time to actively monitor the trade (i.e. I'm in and out before I go to sleep) I never use a SL. I've had volatile spikes that triggered my SL and immediately retraced. For overnight trading I've had difficulty trying to figure out how much of a "cushion" you should provide with a SL...