Trade with Freedom and Confidence Using Protective Stops
Update: 2024-10-18
Description
The A.M.P.D. trading strategy uses protective stops to automatically sell positions when a price falls below a set level. Swing trader Mike Lamothe discusses how using protective stops allows him to take time off from trading without obsessing over his positions, and how protective stops allow him to reduce his "initial capital risk" when taking on new positions.
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