Good article. That was well laid out and informative. Especially for day traders and more short term traders.
Based on our comments in some prior article there's also the option of value investing, which to a great extent obviates the need for all those stop losses in the first place. Maybe third option. In that situation you'd have seen if you need to sell or buy and at what level long before any potential triggers.
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Thanks very much :) Well my self personally am a longer term swing trader so my SL's are usually much more conservative and the daily signals i post - at least for me - are continuation signals and thus trade management signals.
Dont get me wrong, they are entry signals by any right and the levels shown are key levels for SL's and TP's , but id strongly advise anyone that catches any of my signals, especially the newer traders to not take profit at the target but rather let the market move. That gives you room to begin putting the Pyramid trade management technique in place and lock in free trades and that in itself will eliminate any emotion you have about the trade.