Most people put stops at round percentages. That’s not where the stop belongs.
The stop belongs below the level that proves you wrong.
For
$MRVLB , the last 1h swing low is $221.6000.
That’s the level where the short-term momentum flipped.
If price breaks below that, the setup is invalid.
A stop at 5% below 228.84 = 217.40
But the normal 1h swing is 0.8% = 1.83
That’s less than half the distance to 217.40
Putting a stop at 217.40 gets killed by normal noise.
The stop belongs at $221.59 just below the swing low.
On the next trade, place your stop below the most recent meaningful swing.
What’s your rule for where the stop belongs?
#TradingTips #MRVLB
Not financial advice. My levels, my risk.