Recent content by good4life

jiggly, thanks for your comments. what I didn't say is that as part of my overall trade plan, I have a max total account loss % that I use. So, I do exactly what you are suggesting/advising. I just didn't add that step. Again, thanks for the attention and advice!

I use some percentage of my target profit. For example, if I expect a 100 pip profit, I might initially place my stop at purchase price less 50 pips (a 2:1 reward/risk ratio). As price moves toward my target, I would adjust my stop accordingly. Just my 2pips