Quote:
Originally Posted by ThePhoenix
With trailing Stops .................................. They rarely work in your favor, because of price occilliation.
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You get better results by moving a SL postive.
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Moving it forward as soon as possible IS a good idea though if you are not sure of a trade.
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If you want to take the risk out of a trade and have a chance to just let it run and see what it does, the best way is to set the SL to break even as soon as you can ................................
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I agree with
ThePhoenix's post here, especially the above points!!
I too have found that trailing stops can backfire on you.
Setting stops manually via a break even stop is a better procedure.