Here's what you need to remember about setting stop loss to break even:
Yes you will be stopped out and then see your (former) trade work out beautifully many many times. But, how do you know it just won't go against you if you didn't have that stoploss there? Plus, you can never go wrong with having only winning/break even trades.
I wish for myself that every trade I went into was timed right so that I would be in the money a few minutes later and that I could lock in my stoploss at slightly above break even. Worst case scenario: 100% profitable trades, many small profits. Best case scenario: 100% profitable trades, many huge profits with stoplosses following at a distance.
It doesn't get better than 100% though!! And the better your entries (timing-wise), the fewer times you get stopped out at breakeven.
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