Oluwasegun purpose
Active member
low-quality threads
As price beings to move in your expected direction, the trade becomes less vulnerable to any negatives..
price momentum then starts to influence the trade positively. Since you want to secure any profit as soon as possible, move your exit price your stop in the same direction as the positive price move,by exactly the same amount as the move itself.for instance, if price move favorably by $1.25. move your Exit price in the same direction by $1.25. as you may know, this procedure is called " trailing a stop."
continue to move the Exit price_ the Trailing stop - in the direction of the winning trade . You'll do this on a regular basis, which is related to your chosen time frame. Intra- day traders using 30 -minute bars would do this every half- hours. Daily traders would move their Trailing stops once a day- usually after the normal market session ends. Longer time frames reguire less frequent adjustments.
price momentum then starts to influence the trade positively. Since you want to secure any profit as soon as possible, move your exit price your stop in the same direction as the positive price move,by exactly the same amount as the move itself.for instance, if price move favorably by $1.25. move your Exit price in the same direction by $1.25. as you may know, this procedure is called " trailing a stop."
continue to move the Exit price_ the Trailing stop - in the direction of the winning trade . You'll do this on a regular basis, which is related to your chosen time frame. Intra- day traders using 30 -minute bars would do this every half- hours. Daily traders would move their Trailing stops once a day- usually after the normal market session ends. Longer time frames reguire less frequent adjustments.
