Your stop on $AMP at 0.000660 is probably in the wrong place
Most traders just pick a random five percent drop and call it a day
That is a donation to the market maker
Look at $AMP right now with volume at 5.7 million dollars which is 6.4 times normal
The hourly swing is 6.6 percent so noise alone will wipe out a tight stop
The 24 hour swing low sits down at 0.000566
Putting your stop below that low is the only spot that proves the trade is dead
Where do you normally set your stops
#AMP #TradingTips
Most traders just pick a random five percent drop and call it a day
That is a donation to the market maker
Look at $AMP right now with volume at 5.7 million dollars which is 6.4 times normal
The hourly swing is 6.6 percent so noise alone will wipe out a tight stop
The 24 hour swing low sits down at 0.000566
Putting your stop below that low is the only spot that proves the trade is dead
Where do you normally set your stops
#AMP #TradingTips