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Do you move your stop loss after entry?"

Soni S

Only in one direction: to reduce risk, never to increase it. Once a trade moves in my favor by 1R, I may move my stop to breakeven. But I never widen a stop because I 'feel' the market will turn. That's the fastest way to turn a small loss into a big one. My stop is where my idea is wrong, so if it hits, the idea was wrong, and I accept it."

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