Why do you add a stop loss to plays you take?
All of the above
To protect your capital (account)
Formulate a set of rules to stick to
To prepare for the best and worst scenarios
To help your mentality while in a trade
If I were to trade this, where would I put my entry?
Above candle 1
Above candle 2
Below candle 1
Below candle 2
Where would I put my stop loss once Iv entered the trade?
3-8% below my entry
9-15% below my entry
3-8% above my entry
9-15% above my entry
If you are in profit (at the point of my cursor) what happens to your stop loss?
Stop loss stays the same
Stop loss moves down 3-8%
Stop loss moves above entry 3-8%
Stop loss move to the top of the 2 candle
When we get rejected back down for the first time, what am I looking for? And what do I do?
I’m looking for areas of resistance farther back that we may have hit, I’m exiting the trade.
I’m looking for areas of resistance farther back that we may have hit, I'm staying in because there wasn't any and my stop loss hasn't been hit.
I’m looking for areas of resistance farther back, there was some, so I exit
I’m looking at the % i made, deciding I’m happy with it, and getting out
As we start to recover from the small rejection, what is the next thing I’m looking for?
Rejection/continuation near the gap fill
Rejection/continuation at the top of the previous green 2 candle
What should I be looking for if the current price is at my cursor?
A continuation up
To take profit
If we are approaching any past resistances near current price
Take profit, and buy another contract the opposite way
Where should my stop loss be if current price is at my cursor?
Close of previous 2 candle/open of current 2 candle
Top of previous 2 candle
Low of current candle
Low of previous 2 candle
If current price is at my cursor, what am I looking for?
A continuation up
A rejection down
A continuation up or rejection down
To take profit
Where should my stop loss be if current price is at my cursor?
At the top of the previous 2 candle
Stop loss stays the same
Lower the stop loss to the high of the first red 2 candle
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