Hello peeps. I’ve finally figured out a strategy that works for me and is consistent. I use different risk ratios depending on my signal and expected profit. I will not take a trade unless there is a minimum 2:1 risk/reward. My question is about the stop loss. Should I set my Profit target and stop loss and let it play out until one is achieved or for example I have a Target of 4 times my risk and Im currently up 3 times risk. So I risk $10 for a $40 reward. Currently I’m at a profit of $30. Should I move my stop to Break even or even higher or let it ride out regardless? Which method do you guys prefer?
Donkey Jaw