Stop Loss Or Exit Stratergy

Hi

I have seen more and more posts suggesting that brokers may spike price to take Stops. If that has any truth, I would suggest people try a Exit Stratargy and a big stop loss insted of Just a stop loss.

Using the exit Stratergy I have never been stopped out, It invoves watching the market all the time , but if you are upto It It may just work.

So dont have SL at a particular level, Have an Alarm whch gets activated at that level and then manually close the trade.

Another reason why I like the exit stratergy rather than SL is bcoz price generally retraces after hitting a particular price level.

The way I see it, a stop Loss is part of the Exit Strategy.