Mving stop loss to break even or in the profit zone??

[zahidul]

I think the best way is to stay patient for the whole time duration and be cool and not try to get the results quickly.The best way to do this is to take the mind off from the trade and listen to songs and don't look at the trading screen. Cannot understand why anyone will set a stop loss to a losing level when the trade is already in profit, even instead of thinking to set it at break even we should set it at some profitable level once trade is already in profit.

[Shuvo Ajoy]

Market movement is a common matter. We must use stop loss in a suitable place. Market move near my stop loss but never touch my point if we analyze stop loss or take profit properly. We need to know about support and resistance.

[dan.blanchot]

Both should be consider and apply in the live market.
We need to remind ourselves that we are not the one who instruct where the market should
be directed to. We are just traders that should take every opportunity given by the market.

So, lets say you are in a profit zone and your still run that particular post..
in order to secure or ensure that winning post will not be a losing post,
it's recommended to change your SL to breakeven.. so that even that particular post reverse,
you will not loss.. or you can also change that particular post to lock +1 in case you find
breakeven is just a waste of your time.

[workforpips]

yes, i think the best position for place stop loss is several pips under or above swing high or swing low. i always follow this for order i take and it help me most safe for my trading.

[techfxx]

stop losses is also a great things from your trading if you really want to make profit then you will first need to leave from all stop losses and when you can complete it after then will get success and will be profitable from here easily that you want,

[kumuranforex]

stoploss menu can be using with many ways Naturally the best option to our expectation and trade and we expect further move it is better to cut the position at that level itself is to move the stop to a profitable level but only if market conditions permit this, if we are seeing that market is moving opposite

[hukumraju]

zone profit will be very easy up..Naturally the best option and trade and we expect further move it is better to cut the position at that level itself. is to move the stop to a profitable level but only if market conditions permit this, if we are seeing that market is moving opposite to our expectation

[malik]

Ye stratgey aik achee startgey hay lakin aap ki aksar wo trades jo kafee profitable ho saktee hain sirf chand pips kay profits say ban ho jate hain jab price pull back kar kay ap kay stop loss ko hit karny kay baad wapis move kar jatee hay.

[book00]

you can do that, and if you can use trailing stop loss too, it will move with automatically when your order go at floating positive...and with this way the trader can lock their profit when the trend move back and against your order . thanks...............

[Russell]

Yes, we can move our stop loss to the profit zone. Our main target is to make profit. So we should always look to make some profit. I think there is the option available to move our stop loss to the profit zone so why we should not take the opportunity. Those traders become successful who are smart in their trading and it is a smart work.