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Number5
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Setting the Stop-loss when Day Trading Stocks & ETFs
Number5 replied to JLJ's topic in Beginners Forum
Ok, I'm a beginner who doesn't know much but I'd say if there is a problem you can't just focus on stops...both entries and exits must be considered equally. So don't rule out the possibility that you need to refine your entries. For example, if you are continually getting stopped out for a loss you don't want to keep setting your stop losses lower and lower. Instead it would be better to keep your stop losses fairly close and work on refining your entries.