Most of your education posts teach us to stop-loss on a few pips after the signal bar occurs (reverse bar, long-pin bar, etc..)
In practice, I noticed that you often told us to "move stop-loss to entry"
May i know when will this strategy be used ?
stronghodlfomoyolo
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@seechartkingeveryday, Or under what circumstance ?
DatTong
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@seechartkingeveryday, not all people can SL for a few pips. It requires a lot of guts to do so than what you see. I have been trained to scalp stock with 3 cents stop loss for 12 years ago so to me it's so normal to get in and out and in and out till I get the best entry. But to people, it's a big trauma to do so. It goes against all of their pride to be right all the time.
Move SL to entry is a way to protect the trades when you let it run till target but it also requires some technique to read market to know when you should move (if not it will hit your SL then run to the target then). It so much depends on what kind of entry you use (breakout, buy dip, confirmation, etc). I don't want to complicate things here so just let people choose their own way to trade. I just provide the directions to the public, not one-one training.