Stop loss

Generic
1

Course Name: Day Trading Strategies for Beginners, Section No: 9, Unit No: 17, Unit type: Quiz



I'd have set the stop loss equal to ,98 of the entry price and not to 1,02.

thanks.,

2

Hi Gian,



What you say is correct if you are taking a long position. 



But the MCQ question is given with the condition that you are taking a short position. For a short position, the stop loss will be more than your entry price, 1.02 in the case if the MCQ question.



Hope this helps!