Is Having a Wider Stop the Silver Bullet for Your Trading? 💡

✅ Is Your Stop Loss TOO Tight!? 💡 http://www.financial-spread-betting.com/Risk-stop.html
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Is having a wider stop the silver bullet for your trading? Tight Stops? Wide Stops? Which one should I use? One chap I know mentioned the other day that when he utilises a wider stop he ends up staying in the trade. Now that might seem obvious, because if you widen your stop, the probability of it being triggered reduces dramatically.

How To Place Your Stop Loss: Tight vs Loose
Why should you consider using wider stop losses? There is a sweet stop behind having your stop loss constantly pinged out by having it too tight and having it too wide. We want our stop where we want to eliminate the everyday noise; we don't want to exit if our trade premise is still valid. You can easily get very frustrated if you keep getting stopped out every time. Also, a tight stop that is too tight can cause larger drawdowns and reduce the expectancy of your trading system significantly. Widening the stop for a period of time will give you more data to work on.

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