Your stop on $CAKE at $2.1380 or lower is where the math actually lives
Most traders just drop a random five percent loss and hope for the best
That is a donation to the market maker
Right now $CAKE sits at $2.2640 with hourly noise swinging about 0.8 percent
If your stop sits inside that normal hourly breath you get wicked out before the move even starts
The 24h swing low sits at $2.1380 which is the exact spot that breaks the recent structure
Put your stop behind the level that invalidates your idea instead of an arbitrary percentage
Where do you normally drop your stop loss level
#CAKE #TradingTips
Most traders just drop a random five percent loss and hope for the best
That is a donation to the market maker
Right now $CAKE sits at $2.2640 with hourly noise swinging about 0.8 percent
If your stop sits inside that normal hourly breath you get wicked out before the move even starts
The 24h swing low sits at $2.1380 which is the exact spot that breaks the recent structure
Put your stop behind the level that invalidates your idea instead of an arbitrary percentage
Where do you normally drop your stop loss level
#CAKE #TradingTips