Interesting...I've always heard of recommendations for using a stop loss to manage risk in a trade, but the example you gave makes a lot of sense.

I originally learned about trading by way of price action from Nial Fuller (http://www.learntotradethemarket.com/) using tactics like pin bar reversals and inside bar breakouts, but I'm open to learning new strategies like the ones you use.

Hopefully I can become a successful swing/day trader with enough real-world practice and experience (I'm tired of paper trading lol).

Thanks Luc!