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Traders need protective stop to lower their capital exposure in a trade. Many ways to place a protective stop for your trading account and the one I present here, is the easiest and most objective trading plan for your stops.
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Stops Are CrucialTo Your Success
Trade needs wiggle room limited by your exposure parameters - .5-3%?
Stops sit as limit orders.Execute as market orders.
Risk of Slippage
We need to place a stop.
But where?
Use Objective Rules To Keep Emotions Out Of The Equation
In a downtrend watchthe higher highs
Objective method for stops and letting the
market dictate when to exit
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