Forgive me if it is a complete newbie question, but isn't that true that price hitting your stop loss level (providing your stop loss has been correctly placed) tells you that your entire trading setup is invalid?
If you intend to set your stop loss on a technical level like let's say the last low for long and then the price goes down and breaches that level wouldn't be going long at that point even greater a risk?
If you intend to set your stop loss on a technical level like let's say the last low for long and then the price goes down and breaches that level wouldn't be going long at that point even greater a risk?
