I trade short term charts 300 tick or 5, 15 min charts. Just depends.
I put my stoploss at the swing low/of my entry and keep it there. I’ll lock in half of my position at my next project swing high just to cut losses in case the trade goes against me. As the trade develops and starts trending etc I’ll move my stop loss at the low or high of each retrace. But until the trade develops I will keep my original stop loss in place because the market does have a high chance of hitting it at BE on such short term time frames.
I think moving the stop loss and having set target profits has to do with your psych as well. If it’s better on your psych to have set tp’s etc then you do you
I put my stoploss at the swing low/of my entry and keep it there. I’ll lock in half of my position at my next project swing high just to cut losses in case the trade goes against me. As the trade develops and starts trending etc I’ll move my stop loss at the low or high of each retrace. But until the trade develops I will keep my original stop loss in place because the market does have a high chance of hitting it at BE on such short term time frames.
I think moving the stop loss and having set target profits has to do with your psych as well. If it’s better on your psych to have set tp’s etc then you do you
