i took my position at 551,now what's the stoploss,I comes down and today close 541
drpranayadhikari85
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it
mohitbhagat
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@drpranayadhikari85 previous swing can be the stop-loss or low of the breakout candle. here both are pretty much the same... one thing that I would suggest you is when breakout candle is too big don't enter as the stop-loss becomes very big.
mohitbhagat
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@drpranayadhikari85 one more thing you can do is once stock moves in your direction you can reduce you Stop-loss