Support Board
Date/Time: Fri, 14 Mar 2025 21:44:38 +0000
Post From: Setting up Move to break even for second targets
| [2022-06-27 15:08:13] |
| TradingInDemand - Posts: 24 |
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A better way to explain it possibly is like this Buy +2 at 100 TP -1 at 103 = 3 points Stop at 96 = 4 points after price moves 6 (106) points in my favor I want my stop to move down so my profit is locked in at 6 (106) points and if it moves above 106 then I want to take profit and the trade is done The reason is say price moves 20 points in my favor without ever coming back and touching 106 then I can consider taking profit but say price moves back to 106 then the trade is closed and I can not lose money on my second position |