Post
Topic
Board Trading Discussion
Re: Risk management
by
Zilon
on 15/06/2023, 15:03:49 UTC
_ Reacting to risk, use stop loss and always take profit.
The use of stop loss may not be profitable to scalpers. Especially when the join a trade that is about to retrace unknown to them and it triggers their stoploss before moving in the main direction. Stop loss is best practice for day traders or position traders for scalpers they just have to monitor their trades and be disciplined enough to know the exact amount they are willing to lose from a trade and them take their profit and loss decision based on that.