Over the past few weeks, I have been very deliberate about setting the stoploss. Sometimes I was able to move the stop up to the breakeven point and sometimes the market found it necessary to lighten my wallet a little and make a feint up and then start the descent. Below you can see an example of a loss position in June, where I bought Heineken after a breakout on the daily chart, after which the price dipped below the 20 EMA and also crossed the bottom of the breakout bar. You can see here how important it is not to think things will work out, as the hard stoploss protected me from a further fall to over 72 euros.
Furthermore, for some faster-developing positions on the 2-hour chart, I was able to move the stop loss from 1R to breakeven fairly quickly a few times, after which you have a (relatively) risk-free position. Although I usually bought a small amount of shares shortly afterwards to strengthen the position, after which you still have a (smaller) risk again. With these added portions, there is also another dilemma regarding stops. Where do you put the stop for this addition? Do you treat it as a separate purchase or do you put the stop at the same point as the initial purchase, often resulting in a higher risk than necessary.
Enough looking back, it's time for the new topic, namely “The time frames”. A subject that traders look at differently. Some swear by focusing on just one time frame, while others switch from one time frame to another to include those situations in their buying or selling. Furthermore, I will of course ask you for your opinion in the poll and the weekly assignment is also back in this episode. Finally, I will conclude with the results of the past episode.
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