Your stop on $CHZ at 0.01564 is probably based on a random percentage
Most traders pick a round number or a flat five percent and get chopped out instantly
Take $CHZ sitting right near the bottom of its 0.01547 to 0.01666 daily range
The hourly ATR is 0.9 percent which is pure market noise on a normal candle
If you put your stop two percent away random drift will take your money before the real move starts
The level that proves you wrong is the actual structural low not your feelings
Put the stop below the real floor or do not bother opening the chart
Where do you normally set your stops
#CHZ #TradingTips
Most traders pick a round number or a flat five percent and get chopped out instantly
Take $CHZ sitting right near the bottom of its 0.01547 to 0.01666 daily range
The hourly ATR is 0.9 percent which is pure market noise on a normal candle
If you put your stop two percent away random drift will take your money before the real move starts
The level that proves you wrong is the actual structural low not your feelings
Put the stop below the real floor or do not bother opening the chart
Where do you normally set your stops
#CHZ #TradingTips