Sentences with phrase «use tight stop loss»

If you have good reason to believe a trade will continue in the direction you desire, it doesn't make sense to use a tight stop loss.

When to use a tight stop loss — If you believe a trade could move in your favor but will definitely continue to move away from your entry point after it reaches a certain price, you should use the tightest stop your trade will allow.

By using a tighter stop loss, I was also able to achieve a better risk to reward ratio.

Not exact matches

tight stop losses, use of charts, sticking clear of falling knives.

For a long position, using the bar high as a price anchor produces a tighter stop - loss.

You can either take the trade with a tighter stop loss as we discussed above, or you can use a normal distance stop loss (in the example of a pin bar, a normal stop loss distance would be the full length of the pin bar from high to low).

By further refining your stop loss placement (ideally making it a little tighter or using trailing stop losses), I think the results could improve.

Discover the circumstances when using a tight stop - loss order may not be appropriate.

You can use tight stops and take more small losses, or you can give your trades more room to breath at the expense of taking larger losses.

Whether you're using a tighter or looser stop loss strategy, you should never risk more than you are willing to lose.