Announcement

Collapse
No announcement yet.

Minimum 8 Pip Stop Loss

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Minimum 8 Pip Stop Loss

    When I place a trade, I know exactly where I want to place the stop loss. I use swing highs or swing lows for the most part, but however I choose to do it, the position of the stop loss will be very clear to me.

    When I go to place the trade, I will need to know what size the stop loss is in order to properly calculate the positions size, and if that stop loss is less than 8 pips, I will not take the trade.

    The the stop loss is less than 8 pips, then I know there is probably not going to be enough market push to get the price to where I need it to go, and I will leave the trade alone to look for a better one.

Working...
X