Why do you put your stop loss above the correction it breaks out? Wouldn't it better if your stop loss was lower as if it reverses up it would go against your forecast anyway and if it does follow the forecast you would have higher profit.
jojofang0901
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@alexenquiries1, Do you mean why move up the SL ? its what a consistent traders will have in the trading plan on risk management. Protecting the trade and profits. We can not predict the market what it will do, so stay systematic to your plan and management rule will allow a trader to become more consistent and remove emotion out of the way.