@@leoingleAs long as your trading plan hasn’t been proven wrong, then give your trading plan more time to develop. You already have your stop loss in place. You don’t need to panic move it in order to prevent a loss. You WILL lose at times. But your wins from exercising patience and not abandoning your plan prematurely will more times than not be much greater than your losses. Your stop loss is there to keep loss amounts in check.
Let say he assume that market will go down, that's the idea for that trade. But sometimes it takes time, as market can go bit up or sideways before going down
I trade spy futures. If I am doing a 1-3 risk-reward, I will have 3 profit targets. One profit target for each 1x my risk reward. Once I get to 1x, I move SL to breakeven. When profit gets to 2x, I move SL up to 1x. When it gets to 3x my position is closed. That’s the gist. Hope it helps.
@@leoingle nice. I use to trade options, but setting SL as the market maker whipped the price around, kicked me out more frequently that desired. Futures I get a much better success rate on setting SL and moving. Happy trading.