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I'm trying to derive a rule set I could follow for entries, stops and exits by reviewing all these slides. The entries are quite clear, especially the "good swing setups for beginners". However I'm not managing to see where the stops or exits should be. How can I figure out where the stops or exits should be for the "good swing setups for beginners" entries? If I set stops below/above the start of the current leg, it seems many days are unprofitable if each trade has the same risk.
How can I figure out where the stops or exits should be for the "good swing setups for beginners" entries?
As a starting point, you can exit on the first opposite signal entry marked in the setup for beginners, either on a reversal setup or after a BO with FT. If you do so, rest assured you will profitable. And if you reach that stage, you will see that there are other reasons to exit that sometimes will give you some extra profits, like exiting on strength at strong magnets instead of waiting for the other side to appear. But, as I said, as a starting point, try to exit only when the opposite side creates a setup or succesful BO, both of which are marked in the daily setups.
