Dislikedawful advice. keep a stop loss on all trades and never move it. Have an IDEA of where you'd LIKE to take profit, but feel free to move it all the time (preferably to widen it).
Too many idiots lose money because they move stop losses to only take bigger losses and stay disciplined with target profits that only give them a fraction of what they could have taken out of the move.Ignored
totally agree it just shows that when they entered the trade they did not think through where the stop should go in the first place
for me that is where the trade plan is proven wrong taking into account max risk etc. Then there is no need to consider moving it because you know that your whole trade plan is now invalid.