When to Use Stop Losses vs Alerts and How to View Levels
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When to Use Stop Losses:
Stop losses are an important part of risk management but could the same thing be done with an alert? There are times when stop losses are unfavorable and alert for a mental stop loss would be better, here is why:
The market always retraces. What this means is every candle is eventually retraced with a wick to back test on all time frames.
For instance:
Chart with 4 hour candles:
Same chart with 15 minute candles:
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