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RajaB
Admin

Tip for Breakeven trades

Most times when trades, run in profits I see traders put their stop loss to break even. Now you have to understand, once you put your stop loss to break even that means you are excepting the desired outcome.


This means if price comes back to your entry point it will stop you out at break even. So I don’t understand why it comes as a surprise for most traders.


What my favorite thing to do if I will put stoploss to breakeven is to secure atleast 90% of the position. When I have 90% secured I can leave the remaining running with stoploss at breakeven. The worst case scenario is that I would have made 90% of the profits and the rest of the position would get stopped out at breakeven. The best possible scenario is that the remaining position will continue to run in profits.


So whenever you decide to put stop loss at breakeven, always secure some profits.

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