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Re: Help with Stops
Many thanks for all the recommendations. My first step is to follow Ranj's suggestions and record why I set a particular stop and if it was successful. I am also going back through my trade records to record the maximum incursion against my positions, both successful and unsuccessful.
A very good point for me is to trigger a stop only if the bar closes above my stop level. That would have saved me on a good many trades. I can't remember how many times I've had one trade go through that kicks my stop before the market moves back toward my entry.
Thanks again,
Bam-Bam
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