During the day many people trade like this that they adjust the stopps due to market reactions or trading strategies.
1. Avoiding to much risk
It is one of the most important thing to avoid one of the biggest faults in trading. The markets volatility is going up and the stopp loss is moved away, but I don´t see what it does mean in terms of the amount of risk I take with throwing the stopp away. I have to calculate manually, during a hot session very dangerous.
2. Part of risk management
If I trade different markets, I have my maximum daily risk with different positions. Once the market for example is goin in my direction I adjust the stopp loss with a smaller risk, this enables to take another position with another risk. To do and overlook all this, it would be helpful if you can see on the screen the amounts of risk on every position.
Best Regards
Peter
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