Your stop on $FET at 0.15300 is too tight. Here is why you keep getting wicked out
Most traders slap a random percent on their trades and hope for the best
Look at $FET trading at 0.15400 right now down 4.6 percent on the day
The hourly ATR is 1.3 percent of the price which is just normal noise on the chart
If you put your stop closer than that 1.3 percent the market takes you out before the move even starts
Your stop on $FET has to go below the 0.15330 swing low because that level actually invalidates the idea
Put your stop where the trade is dead not where it hurts your feelings
Where do you normally set your stops
#FET #TradingTips
Most traders slap a random percent on their trades and hope for the best
Look at $FET trading at 0.15400 right now down 4.6 percent on the day
The hourly ATR is 1.3 percent of the price which is just normal noise on the chart
If you put your stop closer than that 1.3 percent the market takes you out before the move even starts
Your stop on $FET has to go below the 0.15330 swing low because that level actually invalidates the idea
Put your stop where the trade is dead not where it hurts your feelings
Where do you normally set your stops
#FET #TradingTips