Hi scalpers,
in this topic i would like to discuss, how do you like to setup Stop loss, once you are scalping?
Or do you setup it?
I found out, that most of the time i personally prefer mental stop loss, because for example in normal day i trade/scalp like 80 - 200 positions, so setup stop loss every single time
would not be easy.
On another hand, once i have to hold some of the positions over the night, i prefer to setup there stop loss. In most cases its like 50 - 120 pips, because i make some kind of hedge, to make directional smaller, so im able to hold it longer.
What are your experiences?
How to set stop loss and take profit when scalping
How to set stop loss and take profit when scalping
Preserve your own money. Scale with the market's money. Exponential growth is the ultimate key.