Your stop on $AXS at 1.0530 is likely placed entirely by guesswork
Most traders pick a random percentage and hand money to the market
Take $AXS right now trading at 1.0530 with a 24h low of 1.0310
The normal hourly swing is 1.2 percent so a tight arbitrary stop gets eaten by noise
A proper stop belongs below the level that actually proves your idea wrong
Put it past the swing low because anything tighter is just paying random market noise
#AXS #TradingTips
Most traders pick a random percentage and hand money to the market
Take $AXS right now trading at 1.0530 with a 24h low of 1.0310
The normal hourly swing is 1.2 percent so a tight arbitrary stop gets eaten by noise
A proper stop belongs below the level that actually proves your idea wrong
Put it past the swing low because anything tighter is just paying random market noise
#AXS #TradingTips