Dislikedcongrats Sonicdeejay. It is always nice to come back from sea and find some profit instead of SL. TP1 hit, SL on BEIgnored
But we can't just ignore the importance of having SL too,, I have seen one trade whip out much of the acc, or even get margin called. (go see roll over thread, a once uber popular trade became trash due to this issue)
So, SL is a must.. Either in mind and keyed in the position.
And SL has to be wide and reasonable enough for the position to withstand conventional whipsaw..
My trade wasn't the best timed trade but my SL was reasonable enough that it stood still for whipsaw aka stop hunt..
It was a Nice Trade!!!