Tfw you forgot to put a stop loss in

>what is probability of touch

Iktf

dead cat bounce fucks me every time.

I no longer use stop losses and I have adopted a buy and hold strategy

How do you determine where to put your stop loss?

Actually this!

I sure hope you weren't going short then you're fucked.

divide the buying price by two, then multiply the amount of decimal increments.

Works every time

>then multiply the amount of decimal increments.
Could you give me an example if a stock is 1 dollar a share?

If it was a 1 dollar share, the pip incriments would be something like 1.00000

so that's 0.5*5 so your stop loss for a short is 2.5, so invert that to be -0.5 (which of course is hypothetical).

This only works on up to 10:1 leverage using an account of 1000 or greater value. (don't risk more than 1%.)

If you put a stop loss in 10% below what your buying price was, and a stop GAIN 20% above what your buying price was, wouldn't you usually win?

no, because majority of your stocks can still go down instead of up. You're assuming your stocks are 50/50