Quote:
Originally Posted by rhodytrader
Whoa! You should never move your stop. If you are worried about something happening, get out of the trade. Widening your stop increases your risk, potentially beyond what you set as your limit for the trade. Don't do that. It's a bad habit to get into.
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Oh no, I don't do that. I move my stop to +5 pips from my entry! That way if it does go against me I am out with some profit. Instead of doing break even stop I do +5 because I may be concerned with slippage.
^^;
Thanks for the advice...