Your stop on $ALGO at 0.10070 is likely sitting in the wrong spot
Putting stops at round percentages just donates money to the book
Look at $ALGO right now with price trading at the top of the 0.08990 to 0.10090 daily range
The 1h ATR sits at 1.6 percent which means normal hourly noise moves the market by that much
If your stop is tighter than 1.6 percent away from your entry the random hourly swing shakes you out before the move even starts
A proper stop goes past the structure that proves your thesis dead not an arbitrary number of ticks
Where do you normally place your stops when trading crypto
#ALGO #TradingTips
Putting stops at round percentages just donates money to the book
Look at $ALGO right now with price trading at the top of the 0.08990 to 0.10090 daily range
The 1h ATR sits at 1.6 percent which means normal hourly noise moves the market by that much
If your stop is tighter than 1.6 percent away from your entry the random hourly swing shakes you out before the move even starts
A proper stop goes past the structure that proves your thesis dead not an arbitrary number of ticks
Where do you normally place your stops when trading crypto
#ALGO #TradingTips