Title: How Do You Avoid Moving Your Stop Loss? Moving a stop loss farther away after entering a trade can increase risk beyond the original
Title: How Do You Avoid Moving Your Stop Loss?
Moving a stop loss farther away after entering a trade can increase risk beyond the original plan. Traders sometimes do this because they do not want to accept a loss. I believe a stop loss should be placed according to the trade setup and respected unless the strategy clearly allows an adjustment. Protecting capital requires discipline. Have you ever moved your stop loss because you hoped the market would reverse?
