Moving Stop to B/E (Break Even) Discussion

Well, it's great to see all these members posting!

Moved a stop to BE before, then hXad to re-enter pay spread again.

I am still leaning towards "useful at times" but not as trading policy on this one.
It will depend on the TF and style of trading one practices,

Working on a good example of paying the spread and losing half the initial goal of trade on stop to BE.

Seems there are some great responses here for and against stop to BE.
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Hello All

I do have problem in setting SL and TP.
I know it is not right to do it based on "gut" or "guessing."

Sorry I am still a newbie trying the demo, mostly on Daily tf.

I look forward for your input about better method and advice in setting SL and TP. I attached 4 of my recent trades.

I thank you for your time and inputs.

COULD A MODERATOR PLEASE

Merge the two - Stop to BE threads, so that all ideas are in the same place on one topic??

Dear Thread,

Moving stops to BE or not---a most worthy topic as well as a thread with many wonderful contributors. Thank you all. I've thought (though not tested) about this subject a great deal. I think Hanover was thinking very well when he wrote about moving the stop to BE: "Reasons based on MM (i.e. it provides a free trade) or psychology are ineffectual, at least in terms of providing a long term statistical edge. If a trader's method has to somehow work around, or compensate for, his psychological foibles, then it's having to work overly hard." The principal question, I feel, as a fund manager, that one has to ask, is, "What is my edge and how do I ply it?" That is to say, how do I "isolate" my edge against market noise, i.e. how do you structure your trade so that you give your edge the best chance it has to work whilst simultaneously avoiding risk of ruin? No small feat. Moving the stop to BE generally, even when placed according to whatever chart patterns turn you on, will get in the way of your edge. Yes, it's hard to find an edge and, yes, it's most hard to keep that stop distant while allowing the edge to do its thing. But, what else do you have except that?

My blessings to you all,

Lenoxer