Quote:
|
Originally Posted by vilas
*************
Thankx for the good post n Congrats for booking profits. Shall thank you to clarify this - Should Stop Loss not be for protection against Loss placed below the Long entry point i.e. below 166.69 ? Learning from these posts. Thanks.
|
Vilas-
If you look at his last post, it says "Adjusted Stop Losses". I'm sure he placed his original trade @ 166.69, priced moved up into profit, and he "adjusted" his stop to 168 to make sure he doesn't turn a winning trade into a losing one.
But you are right...when you place an order for a long entry, the stop price is below the current price.