Lesson 23 of 25
Moving your stop is hope, not management
The only stop that protects you is the one set before you were emotionally involved.
What you see
- Widening the stop as price approaches.
- Removing the stop entirely.
Why it happens
- A small planned loss turns open-ended.
How to trade it
- Set it once.
- Place it beyond the wick and the level, then size down to keep risk the same.
Journal it: Record every time you moved a stop and the result.
Track this setup in your own journal and see whether it actually pays you.Go Pro