Your stop on $SOXLB is at five percent because it feels neat

Most traders guess a random loss limit instead of reading the chart

The 24h swing low on $SOXLB sits at 41.3200 dollars

The hourly ATR shows normal market noise takes 3.7 percent swings

Placing your stop inside that normal noise means you get hunted before the move works

A proper stop goes past the structural low that actually invalidates the whole idea

Put your safety line below the pivot that proves the thesis dead

Where do you normally set your exit points

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