My Favorite Way to Set Trade Stops and Targets
Hey trader, Think back to the last trade that went green and then slid all the way back to your entry before you closed it. It makes you start to question yourself… …was my profit target too far…did I forget to take a profit? Chances are the stop was tied to the one number that does not matter to anyone but you: the entry price. That habit quietly turns a good winner into a scratch or even a loss. Fortunately, there is a better way to manage risk I’m going to show you today. You see, the market never really sees your entry. It’s buried underneath It only cares about order flow and what’s on the charts. That’s how you should set your stop and profit targets. Now, I’m not saying you should ignore the balance of risk and reward. But that defines whether you take the trade, not HOW