Your stop on $WLD at 0.29500 is just guessing if you ignore the hourly swing
Most traders slap a random percentage loss on a trade and wonder why they get wicked out
Look at $WLD right now trading at 0.29900 down 5.9 percent on the day
The 1h ATR sits at 1.4 percent which is the normal noise of the chart
If you place your stop closer than that normal hourly swing random chop takes your money
Put the stop below the swing low at 0.29500 because breaking that specific level invalidates the whole idea
Your stop belongs under the structural level that proves your thesis wrong instead of an arbitrary round number
Where do you usually put your stops
#WLD #TradingTips
Most traders slap a random percentage loss on a trade and wonder why they get wicked out
Look at $WLD right now trading at 0.29900 down 5.9 percent on the day
The 1h ATR sits at 1.4 percent which is the normal noise of the chart
If you place your stop closer than that normal hourly swing random chop takes your money
Put the stop below the swing low at 0.29500 because breaking that specific level invalidates the whole idea
Your stop belongs under the structural level that proves your thesis wrong instead of an arbitrary round number
Where do you usually put your stops
#WLD #TradingTips