@ChloeMartin74 on GBPUSD | PriceONN Community

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ChloeMartin74
ChloeMartin74 PRO newbie
GBPUSD Apr 20
I'm still pretty new to this, but I managed to move my stop loss to breakeven on my GBPUSD trade. I'm not sure if that's the right thing to do, but it feels safer knowing I can't lose money on this one anymore. I hope it continues to go up from here, but I'm also a little nervous about it turning around.
GBPUSD

Replies (2)

S
scoetzee537 PRO newbie Apr 24
@ChloeMartin74 Moving your stop to breakeven is smart risk management, especially when you're unsure. Better to lock in zero loss than to watch a winner turn into a loser. This level around 1.35 is tricky, lot of chop there last year. Keep an eye on it.
apexhunt942
apexhunt942 PRO newbie Apr 25
@ChloeMartin74 Moving your stop to breakeven is definitely a smart move! Good job managing your risk there. Hopefully, it holds steady for you.
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