Reply To: SPY Buy At 100% Fibonacci Retracement Level

#197670
Christian Harris
Participant

    I don’t adjust my SL. I let the trade play out. Why? Because the Nasdaq-100 can have crazy pre-market moves that can easily hit an SL.

    However, if you wanted to use an SL, you could:

    • Use a trailing stop
    • Move your SL to the bottom of a candle/wick on a daily chart (after the close of the US session).