Your stop on $STX at 0.33380 is probably in the wrong place based on arbitrary percentages
Most traders drop a random five percent mental line under their entry and wonder why the wick takes them out
Look at what $STX just did with a twenty four hour range spanning from 0.27810 up to 0.39900 on heavy volume
The hourly ATR right now is 5.8 percent of price which is just the normal noise of this asset moving around
If your stop is tighter than that hourly swing market friction alone will hunt you before the thesis even plays out
A real stop goes below the actual swing low at 0.27810 because breaking that level invalidates the entire move
Put your protection where the market proves your idea dead instead of guessing a random round number
Where do you normally set your invalidation points
#STX #TradingTips
Most traders drop a random five percent mental line under their entry and wonder why the wick takes them out
Look at what $STX just did with a twenty four hour range spanning from 0.27810 up to 0.39900 on heavy volume
The hourly ATR right now is 5.8 percent of price which is just the normal noise of this asset moving around
If your stop is tighter than that hourly swing market friction alone will hunt you before the thesis even plays out
A real stop goes below the actual swing low at 0.27810 because breaking that level invalidates the entire move
Put your protection where the market proves your idea dead instead of guessing a random round number
Where do you normally set your invalidation points
#STX #TradingTips