I Never Move My Stop to Break Even… Here’s Why

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#647: I Never Move My Stop to Break Even… Here’s Why

In this video:
00:30 – Should you move your stop loss to breakeven.
01:05 – No relevance to the price you entered.
01:40 – Alternative ways to manage a trade.
02:38 – Take the full profit not a partial profit.
04:00 – Check out my new Masterclass.
04:12 – Blueberry Markets as a Forex Broker.
04:27 – Forget moving your stop to breakeven.

Do you realize that the market doesn’t care why you entered the trade or where you entered the trade? So why do people have this massive obsession with moving their stops to break even all the time? Let’s talk about that and more right now.

Hi there, traders! It’s Andrew here at The Forex Trading Coach with video and podcast number 647.

Should you move your stop loss to breakeven.

Outside on another stunning winter’s day here in Nelson, New Zealand. So today I want to talk about moving your stops to break even. Why do so many people do it? I’ve had so many discussions with people. It’s got me into a bit of trouble in the past at certain trading conferences that I’ve been to because of my opinion.

Now, I’m not saying don’t move your stop to break even. If you have a strategy and it works, go for it. I’m not saying you shouldn’t do it.

But my question to y