Let Profits Run ……. How Far?

Today, my friend bittered how he chickened out and exited a profitable trade too early. As a short term trader, how far can we let profits run? If we keep a tight stop, and we let profits run, we risk losing part or all of our profits if the market pulls back quickly, or take out our trailing stop, and then […]

Help – Where To Place Stops?

WHERE TO PLACE PRE-EMPTIVE STOPS Should we place stops –  10 pips from entry?  At 3 times the ATR (average true range)? At the extremes of noise levels around support/resistance lines?  When price crosses a SMA support?   Must it be 10 pips – can’t it be 3 pips instead?  At the last pivot point or 50% Fibo retracement?  At the last swing high or low which […]