Stop Loss approach

[magik570 0]

Scenario: you got into a trade above VWAP with stop at below VWAP.. when the price goes below VWAP, do you..

 

1. Get out right away as soon as it touches few cents below VWAP?

2. Wait for 1 minute bar to "close" below VWAP before you get out?

3, Wait for 5 min bar to "close" below VWAP before you get out?

[Andrew Aziz 98]

Often number 2 but it depends. If the price starts running away from my stop before the bar closes on 1 minute chart, I might exit.

[magik570 0]

Thanks.