I see a lot of traders here who get scared when taking entries will it wont it, just like Tarantula I let the STOP LOSS DEFINE MY ENTRY...and will never change that as in the past have sufferend severly due to this.
Stop loss defines your risk and the amount of mental stress you can take
An example is of the trade 1.
We had already defined the reason for our entry it was a clean scalp trade..
on this entry a stop of 25 pips would have been more than sufficient..
Out of trade now total of 30 pips..Max drawdown on trade was 6 pips..
Enjoy
Regards Black Widow
Stop loss defines your risk and the amount of mental stress you can take
An example is of the trade 1.
We had already defined the reason for our entry it was a clean scalp trade..
on this entry a stop of 25 pips would have been more than sufficient..
Out of trade now total of 30 pips..Max drawdown on trade was 6 pips..
Enjoy
Regards Black Widow
Be sensitive to subtle differences between 'intuition' and 'into wishing.