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#Stoplossmistakes (🔴follow us for insider trading news)
First - placing your SL exactly that the line. Always allow a little room for spread and just for market fluctuation. Highs and lows often get taken, so allow some breathing room! - Too tight stop losses are cool and offer big RR, but you will be taking hit after hit. Are you fine with that? If yes - sure. But if you want high win rate - place your SL at a safe place. - Placing a too big of a stop loss sometimes doesn't make sense. Don't just place a random 30 pip stop loss. Consider your structure and zones and place your SL above/below invalidation point. - Do not micromage. Because the moment you move to breakeven, is the moment when the market pulls back, takes you out and rushes to profit. Always happens haha! - Finally - always have a stop loss. Without a planned stop loss, you cannot calculate your risk and lot size. So - if you are entering random lots and without a stop loss - you are doing something wrong!