TRADING RECAP - TOO TIGHT STOP LOSS

Early monday morning we saw a good oportunity entering the market.

It was a good entry.

I put my stop loss just above the 61.8 level.

Then i set and forget the trade because I have work to do.

Then after checking again the trade I was stopped out for -23pts.

Then the market made a nice turn around on that level.

The lesson here is stop loss should be not so tight and not so wide. A reasonable and logic stop loss should give the market some space to breath.