How do you modify the stop loss position?
Do you set a:
1. Tight stop loss at beginning (say 10 pips), then widen it as trend progresses (say 25 pips). Then tighten it again (say 10 pips) when you think trend may finish?
2. Wide stop loss at beginning, (say 25 pips), then widen further it as trend progresses (say 40 pips). Then tighten it again (say 10 pips), when you think trend may finish? That's hoping you don't get stopped out early and live long enough to get the opportunity to tighten the stop.
3. Constant small sized (say 10 pips), stop loss all the way to the end of the trade.
4. Constant medium sized (say 25 pips), stop loss all the way to the end of the trade.
5. Constant large (say 40 pips), sized stop loss all the way until the very end and tighten (say 10 pips), at the very end of a trend?. That's hoping you don't get stopped out early and live long enough to get the opportunity to tighten the stop.
Do you set a:
1. Tight stop loss at beginning (say 10 pips), then widen it as trend progresses (say 25 pips). Then tighten it again (say 10 pips) when you think trend may finish?
2. Wide stop loss at beginning, (say 25 pips), then widen further it as trend progresses (say 40 pips). Then tighten it again (say 10 pips), when you think trend may finish? That's hoping you don't get stopped out early and live long enough to get the opportunity to tighten the stop.
3. Constant small sized (say 10 pips), stop loss all the way to the end of the trade.
4. Constant medium sized (say 25 pips), stop loss all the way to the end of the trade.
5. Constant large (say 40 pips), sized stop loss all the way until the very end and tighten (say 10 pips), at the very end of a trend?. That's hoping you don't get stopped out early and live long enough to get the opportunity to tighten the stop.