Your stop on $ERA at 0.08500 is likely too tight if you picked it out of thin air
Most traders lose money because they set stops at random round percentages instead of structure
Look at the 24h swing low of $ERA sitting at 0.07310 right now
Add in the 1h ATR of 8.9 percent and you see how much noise this chart actually makes
If your stop is closer than that normal hourly swing random market chop just eats your capital
Put your stop below the level that actually proves your idea wrong rather than guessing a tight number
Where do you normally drop your risk line on a volatile chart
#ERA #TradingTips
Most traders lose money because they set stops at random round percentages instead of structure
Look at the 24h swing low of $ERA sitting at 0.07310 right now
Add in the 1h ATR of 8.9 percent and you see how much noise this chart actually makes
If your stop is closer than that normal hourly swing random market chop just eats your capital
Put your stop below the level that actually proves your idea wrong rather than guessing a tight number
Where do you normally drop your risk line on a volatile chart
#ERA #TradingTips