As far as I understand you should always have a risk:reward in place. May it be 1:3 or 1:2. Most people that are trading this style never get stopped out by their SL but by themselves realising that the trade is a loser and getting out before it does hit.
- Post #9,982
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- Mar 25, 2009 2:35pm Mar 25, 2009 2:35pm
- | Joined Jul 2008 | Status: Ears To Hear | 46 Posts
The way is narrow
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- Post #9,986
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- | Joined Mar 2008 | Status: Joe the Trader | 53 Posts
1st step stop loss in the green
2nd step play with the free money
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- Mar 26, 2009 4:06am Mar 26, 2009 4:06am
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