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Trade Management/ Stop Loss

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Jasraj Singh asked 4 years ago
Hi Pat, I was wondering how do/would you place stop losses if you had to step away from the market for a few hours 1/2 times a week; as would happen as I'm working 9-5 GMT. I don't want to give back any profits, so I'd imagine it to be above my buy point minimum. Scenario where a trade has been working for a few days and current price has left the entry price, I imagine a SL below prior day's low might be a good place to take some off. But what if price is still oscillating not for from entry point. Would appreciate if you could show some examples on charts. Many thanks!
2 Answers
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Avatar photoOwen Staff answered 4 years ago

Hi Jasraj,
Pat made this video for you:
https://www.youtube.com/watch?v=vJZvE8J7w7s

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Jasraj Singh answered 4 years ago
Thank you Owen and Pat! As usual, great clarity, very much appreciated!
Apologies for the repeat question though; didn't notice the question actually got sent through. 
Avatar photoOwen Staff replied 4 years ago

You are quite welcome! Sorry for the delay; we got a little behind in answering and questions really stacked up.
I think we are almost completely caught up now. ~whew!~ 🙂