Three Steps Approach to Placing Objective Stop-Loss
1. Cost covering objective stop
For me, it is important that I cover costs. This single, simple idea has been one of the most important concepts of my success in the markets. I never allow myself the luxury of counting profits until I have covered my costs. As long as I take сarwе of that one detail, the profits seem to take care of themselves.
By covering costs, I mean taking care only of the immediate costs of the trade — **commissions and fees.
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