Your stop on $ENA at 0.17930 is likely sitting in pure noise
Most traders pick a random three percent loss and call it a day
That habit loses money every single week
Right now the hourly swing on $ENA is 1.9 percent of price so a tight stop just gets hunted by normal chop
The last swing low on $ENA sits at 0.17430 which is about 2.8 percent below where it trades right now
A real stop goes past the level that invalidates your entire trade idea rather than a random number on your screen
Put your stop where the setup actually breaks instead of where it hurts
Where do you normally set your risk on a chart like this?
#ENA #TradingTips
Most traders pick a random three percent loss and call it a day
That habit loses money every single week
Right now the hourly swing on $ENA is 1.9 percent of price so a tight stop just gets hunted by normal chop
The last swing low on $ENA sits at 0.17430 which is about 2.8 percent below where it trades right now
A real stop goes past the level that invalidates your entire trade idea rather than a random number on your screen
Put your stop where the setup actually breaks instead of where it hurts
Where do you normally set your risk on a chart like this?
#ENA #TradingTips