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Move Stop to break even


Last trade( trade 17), we lost money because i did´nt post who to use a trailing stop for my recommodations. This time I will do it better. So if the profit of a trade is equal to the initial risk, you should move the initial stop to break even. E.G. If the intitial Stop was 20 Points from the entry and now the profit is 20 Points, move the stop to break even.

For Trade 18 (long 2 Dax at 4995 with Stop 4975 (20 Points risk) you should move now the stop to break even, because the profit exceeded the initail risk . Aktual Profit is 25 Points (DAx at 5020).

This is a general rule and valid for all trade recommondations.

 

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