How to set Small Stop loss ??
Please👇
1️⃣ If we trade on Monthly chart - stop loss set on weekly lower low
2️⃣ If we trade on Weekly chart than SL on Daily LL
3️⃣ Daily chart - Hourly LL
4️⃣ Hourly chart - 15 minutes LL
5️⃣ 15 minutes chart - 5 minutes LL
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The absolute best thread to read on trailing methods by @Traderknight007
Read and follow this.. he has aptly explained about various methods to trail.
Read and follow this.. he has aptly explained about various methods to trail.
2. TRAILING METHODS-
— Trader knight (@Traderknight007) December 24, 2020
1. SWING POINT METHOD-
In this method we use the swing points or the HH- HL OR LH-LL points for placing sl,
In this method we trail our sl when the stock make a Higher low after our entry and keep Trailing the sl till it hits. pic.twitter.com/CqzCkLdWmC
I follow SL for my long term positions based on weekly previous swing lows. I am out if it gets hit.
So, I am least worried in these minor dips as manier times it will give you opportunity to add more of your favorite names.
So, I am least worried in these minor dips as manier times it will give you opportunity to add more of your favorite names.
LEARNING \u2b55\ufe0f\u2b55\ufe0f\u2b55\ufe0f
— The_Chartist \U0001f4c8 (@nison_steve) April 7, 2021
Balaji Amines -
An explanation of how trailing stop loss works. With every base formation, the stop loss level is moved up thereby locking profits. Stop-loss can be placed via GTT Orders.
Assumption - Trading on a weekly scale pic.twitter.com/hojzClLOhg
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