Stop getting stopped out of trades by stoploss hunting with ATR
There no worse feeling than setting a stop loss, entering a position, and having the market hit it before moving in your chosen direction. I’ve been there, and it is one of the most upsetting things that can happen in trading. In the long run, it will substantially impact your profitability and confidence in your plays. Here lets see to a better stop loss by taking one of the most important aspects of trading into account of volatility.
What is wrong with a fixed stop loss percentage or rough calculation?
Using a fixed stop loss like 10–20% for a asset is dangerous because volatility … Read the rest