DislikedPeople, maybe this is my latest enlightenment, but it really is that way! The Market dictates where your Stop Loss must be! There is no other way! If you can't afford the Stop Loss distance from current Bid Price - DON'T ENTER!!! If you are trading Price Action Breaks, your SL must be wider. If you are waiting for retrace to Enter, your SL will be tighter. What I am trying to say is that trading against the Price, which means opening trades with very tight Stop Loss at potential swing Price Action but, without any Break Candle or SBOC is very frustrating...Ignored
If the maximum you can afford to lose is the equivalent of 5 Pips, then you can only trade the M1, maybe M5 charts.
But, the reality is that the way price moves, you need 50 Pips Stop Loss to enter actual moves which you can observe on H4 charts.
This is one of the main reasons why trading small Tf's is so difficult and frustrating.
This is how this market works.
We can't bend the markets to our wishes.
Unless you are Neo from Matrix!
Understand what you are dealing with!
If you refuse to understand, you are trying to bite off more than you can chew.
Trade the facts, not opinions.