>>21666186I usually draw stop loss on a chart, then calculate position size based on how much % loss it is. I don't make any connections between profit and stop levels. Check out take profit rules here
https://shared.tradersync.com/flatearthtradingsociety https://www.youtube.com/@FlatEarthTradingSociety , I think it's a good starting point if you want a hard system for taking profits.
I agree with
>>21666260 in setting a trailer when in green, but I think not using stop loss when in red is one of the most basic mistakes one can make, and something which will eventually lead to ruin.
>pic related, what you shouldnt do 