I place a LONG LMT order with a profit target of let's say 50 ticks and a stop loss of 2. The price has moved up and I am already in profit by let's say 10 ticks. Can I now move the STOP LOSS red bar on the DOM higher up to beyond my entry price let's say for example by 5 ticks?
I know from practice that I can do this usually to move the STOP LOSS down to get it out of the way for an incidental kick out. Just do not know if I can move it up (in the case of going long) and beyond my entry price as I approach my profit target. I hope my question is clear and I look forward to your answer.
sandman
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