How do you manage your stop from order open to close?

How do you manage your stop from order open to close? I would like to hear.

trailing is the preferred way, it skews the expectancy of the system more into your favor.

Currently I do not have the luxury of managing most of my trades right now because of my work schedule. I put in a Limit order along with my TP and SL all at once. About half the time I will put in a TS along with TP. Then I check up on it when I get up or get home.

Surprisingly I have found that I have been getting better results doing this instead of staring at a screen all day. My W-L % has dropped a bit but my winners are bigger.

Could this be the cure to my long standing not letter the winners run problem???

I still love to actively trade and scalp. And for two days during the week you will most likely find me in front of the screen for 10 hours a day.

Great way to spend my off time.

trail stops or as in trailing the daily lows etc.

interested to know how you came to this conclusion, thanks

I always determine the stop loss level before I open a position. Once the position is opened, I set the stop loss order and don’t remove it no matter what. I usually take partial profits, so if the trade got to the first target I move the stop loss order to the entry level. If the trade continues in the needed direction, I just move the stop loss order along the trend, as it sets new lows (or highs if it is a short-position).

There are many ways to approach this, but the most important thing in my opinion is not extending the stop loss when the trade losses- that will kill your account.

I never use trailing stops only if I'm not in front of PC. estimate the max retracement may happen in the future then give the order the space to gather the strength to fight back and advance again.