Daily Bias and a Profit Trade Recap

Daily Bias and a Profit Trade RecapLeçon 8 sur 96 min de lecture

The stop to entry

Moving the stop on the remaining part of the position to the entry price, what that changes, what it costs, and why the choice belongs in the plan.

With 0.01 lot still open, the stop was moved from 2,618 down to 2,613, which is the price the trade was opened at.

What the move is

The remaining position now closes at the price it opened at if price comes back that far.

Traders call that a break even stop, meaning a stop sitting on the entry. Nothing else about the trade changed. Target two is still 2,590.

The rest of the position now closes flat if price returns to 2,613.

What it changes

Module 38 already priced this move in general terms. Moving a stop closer moves the exit, not the invalidation.

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