Your stop on $W is sitting at a round number and that is why you keep getting wicked out
Most people pick a random percentage loss instead of looking at the chart
Look at $W right now trading at 0.009910 with an hourly ATR of 1.6 percent
That means normal market noise swings this thing about 0.00016 every single hour
If you put your stop closer than that 24h swing low of 0.009410 you are just paying the spread to algorithms
A real stop belongs below the level that actually invalidates your entire trade idea
Put it where you are undeniably wrong and let the normal chop breathe around it
Where do you normally set your stops before checking the ATR
#W #TradingTips
Most people pick a random percentage loss instead of looking at the chart
Look at $W right now trading at 0.009910 with an hourly ATR of 1.6 percent
That means normal market noise swings this thing about 0.00016 every single hour
If you put your stop closer than that 24h swing low of 0.009410 you are just paying the spread to algorithms
A real stop belongs below the level that actually invalidates your entire trade idea
Put it where you are undeniably wrong and let the normal chop breathe around it
Where do you normally set your stops before checking the ATR
#W #TradingTips