Your stop on $TRUMP at 1.6740 is probably in the wrong place. Here is where it belongs
Most traders pick an arbitrary percentage loss and stick their stop right there hoping for the best
That is just guessing where the market will stop caring about your position
Look at the actual mechanics of $TRUMP right now sitting near the bottom of its 1.6670 to 1.7560 daily range
The hourly average swing is 1.2 percent of the price which is normal noise for this chart
If you put your stop closer than that normal swing the random hourly bounce will take you out before your idea even plays out
The real swing low sits right at 1.6760 which is the exact boundary where the current market structure breaks
If the price drops below that specific level the entire idea that buyers are defending the floor is proven wrong
A proper stop always belongs on the other side of the level that invalidates your thesis not at some random round number
Where do you usually put your stops when the market starts moving against you
#TRUMP #TradingTips
Most traders pick an arbitrary percentage loss and stick their stop right there hoping for the best
That is just guessing where the market will stop caring about your position
Look at the actual mechanics of $TRUMP right now sitting near the bottom of its 1.6670 to 1.7560 daily range
The hourly average swing is 1.2 percent of the price which is normal noise for this chart
If you put your stop closer than that normal swing the random hourly bounce will take you out before your idea even plays out
The real swing low sits right at 1.6760 which is the exact boundary where the current market structure breaks
If the price drops below that specific level the entire idea that buyers are defending the floor is proven wrong
A proper stop always belongs on the other side of the level that invalidates your thesis not at some random round number
Where do you usually put your stops when the market starts moving against you
#TRUMP #TradingTips