DislikedI noticed you liked 24pips stop loss. I've been experimenting with using tighter stop loss of 12pips. But my dilemma is whether to re-enter the position if I was stopped out too quickly but still think I'm correct, or to use to a larger stop loss of 24pips. In the earlier case, if I re-entered with 12pips and got stopped again, I would be losing 12+12. I might as well just trade with 24pips stop by default.
But I wanted to use a tighter stop of 12pips with plan to re-enter if stopped. What do you suggest? I'm assuming a 20 to 40pips take profit...Ignored
I for one don't impose 'proper' R:R into my trades. Sometimes my target is half my stop..sometimes it's 5 times my stop. DOn' be rigid
as bruce lee says
beeee lyyee wahhhta....
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