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How do you guys adjust stop-loss after significant price movement in CFDs?
Been trading CFDs on $EURUSD mostly. When I have a decent profit run and the price moves considerably in my favor, I usually move my stop up to breakeven or slightly into profit. But what's the best practice when you're well past breakeven and aiming for bigger moves? Do you trail aggressively, or give it more room for pullbacks, especially on higher timeframes?
1 comments · 1 points
Aggressive trailing usually gets you stopped out on minor pullbacks, missing the bigger move you were aiming for. Give it room, but define your pullback tolerance beforehand based on your system, not emotion.