How do you set the stop loss point / profit target ? ๐ฅ๐ฅ๐ฅ๐ ๐ ๐ ๐ฆพ๐ฆพ๐ฆพ
You know an uptrend consists of higher highs and lows.This means you can use the swing low to trail your stop loss because if the trend holds, it shouldnโt close below it.Hereโs how to do it.
Identify the previous swing lowSet your trailing stop loss below the swing lowIf the price closes below it, exit the tradeAn exampleโฆ
Identify the previous swing lowSet your trailing stop loss below the swing lowIf the price closes below it, exit the tradeAn exampleโฆ
Pro Tip: The market tends to โhuntโ stop losses below Support or swing low.To avoid it, set your stop loss 1 ATR below the market structure.
$Futu Holdings Ltd(FUTU.US$
$AMC Entertainment(AMC.US$
$GameStop(GME.US$
$UP Fintech(TIGR.US$
$Apple(AAPL.US$
$Tesla(TSLA.US$
$Facebook(FB.US$
$Moderna(MRNA.US$
$Merck & Co(MRK.US$
$Futu Holdings Ltd(FUTU.US$
$AMC Entertainment(AMC.US$
$GameStop(GME.US$
$UP Fintech(TIGR.US$
$Apple(AAPL.US$
$Tesla(TSLA.US$
$Facebook(FB.US$
$Moderna(MRNA.US$
$Merck & Co(MRK.US$
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