Advice sought on setting stops at opening and trailing stops

Hi

Just wanted to get your advice on setting stops. On two occasions I have lost opportunities through a stop out at opening (about 200 pt moves).

The first time it gapped at opening and then my stop loss triggered but the sb firm refunded me the cash as they charged me an amount in which the price don’t not even hit…. Slippage they said but then reviewed and said mistake . Even taking that I do get stopped out and lose the potential move so cant blame the sb firm just myself .

The second time I used a trailing stop with the view to get a free trade. On opening it gapped and took out the stop and then gapped down 100 pt.

Help!
What level do you set your stop levels? And also what level do you set your trailing stop?

Just for info I m looking to do this professionally and approach trades after tech research . My objective is to fewer trades but ideally profitable…. I can’t handle watching tick by tick action.
Thanks in advance of the help

Leave a comment

Your email address will not be published. Required fields are marked *