Open trading account 
Trading is a game between the Bulls and the Bears
.If your trade setup turns to be a failure- your stop loss protection should be at a level your account can tolerate without depleting your trading capital. Hence the importance of managing your risk.
The reality is; a large capital can sustain a higher risk than a small capital. Every trader creates his/her own trading rules to suit their style of trading and according to their investment capital.
.If your trade setup is profitable, adjust your stop loss to secure your gains as the price moves in your favor; holding until price moves against you.
This adjustment is determined by you as it relates to your account size and your profit goals.
REMEMBER
Never give up profits by waiting out a retracement
Stops adjustment will keep your account in profit
I am guilty of this so many times..
Cheers.
.If your trade setup turns to be a failure- your stop loss protection should be at a level your account can tolerate without depleting your trading capital. Hence the importance of managing your risk.
The reality is; a large capital can sustain a higher risk than a small capital. Every trader creates his/her own trading rules to suit their style of trading and according to their investment capital.
.If your trade setup is profitable, adjust your stop loss to secure your gains as the price moves in your favor; holding until price moves against you.
This adjustment is determined by you as it relates to your account size and your profit goals.
REMEMBER
Never give up profits by waiting out a retracement
Stops adjustment will keep your account in profit
I am guilty of this so many times..
Cheers.
