Many beginner traders don’t know when it’s the right time to move the Stop Loss to Breakeven.
They lose too many trades, all of which could be winning trades.
In fact, knowing when and how to move the Stop Loss to Breakeven is an essential skill that you must learn if you want to be a Full-time Trader.
The best news?
Learning when and how you can move your Stop Loss to Breakeven is rather simple!
In the live trade on TradingView that we discuss below, you can see exactly when and how we moved our Stop Loss to Breakeven.
Unfortunately, towards the end of the trade, the Price Action hit our break-even and so the Trade got closed.
But in the end, we did not lose any money.
In fact, right because we moved the Stop-Loss to Break Even, we were able to earn money!