Small STOPLOSS - Big PROFIT$

Managing your stoploss and your risk to reward is the single most important thing you can learn to do when you are trading.
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Your stoploss is personal and it should be consistent with your Trading philosophy and your risk tolerance.
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I normally have a five tick stoploss when I scalp the S&P futures, but I'm flexible, probably 10% of the time.
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This trade that I took on Thursday, I altered my stoploss because my area of confluence was separated by seven ticks. I ended up setting my stoploss for eight ticks because the profits that I stood to gain was much higher.
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As it turned out my trade came one tick below my upper line and ended up heading in my direction for a massive win.
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Always have a stoploss and always stick to your personal trading philosophy, and your risk to reward ratio.
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But be flexible!
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There are going to be times, in your area of confluence, when you need to pay attention to other areas of support or resistance, where the market could Spike up or down and take your stoploss, and then head in the direction you predicted in the first place.
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Always trade to trade another day. ❤🙏🏼