United-Display-386 OP t1_j6bb6hp wrote on January 29, 2023 at 2:40 AM

Reply to comment by ytman68 in How many % do you often set for cut loss? by United-Display-386

Why it is 15% in stead of 8 or 10% for day trading?

ytman68 t1_j6bhikl wrote on January 29, 2023 at 3:30 AM

Because of stop loss hunting

ytman68 t1_j6bj7py wrote on January 29, 2023 at 3:45 AM

https://preview.redd.it/slprbc4x2yea1.png?width=575&format=png&auto=webp&v=enabled&s=bb7748c294e043d36546ae9f873f7a11b17d5e07

Try using these three indicators from tradingviews. Works well for longer timeframe 3H,4H and 1 day. Add them to your chart study how it works bets for you. These indicators will help you to stop day trading (Day trading is not the best for most people).

United-Display-386 OP t1_j6bjdh4 wrote on January 29, 2023 at 3:46 AM

Thank you 🙏