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do you think it's smart to put stop loss's in where a pivot is broken on a day trade? I have done this before and it goes over the pivot and then winds up dumping, so had a loss when it could have been a gain. But sometimes this seems to prevent greater losses. Is it more of a subjective tolerance issue? Thank you
@rsommer2, when leverage trading I think one should use stops more often when there is a lack of clarity. Such as when the price was above the 4h 200EMA and it was not clear if a back test was going to hold changing the trend from bear to bull. Now that we have seen a failure of the 200 EMA backtest, suggesting a continuation of the bear market, I use stops less often since I have clarity that I am trading with the trend. Leverage trading is tough because often times stops close you red when ultimately if you stayed on the roller coaster you could have closed the trade green.