Question on stop used in one of the videos.

[gsrosen]

Hi Imran. In one of your videos you said you put your stop above the alligators mouth instead of the above the Aims level, but you didn't explain why and in what situations you would do that. Could you explain? thanks, Glenn

[immy]

HI, it must have been trailing candles or below AIms. Please specify which video. cheers

[gsrosen]

Hi Imran. The video is the first video from your video page and you start of the video by saying the purpose is to talk about the dots alert. It's about 4:15 into the video and the chart shows a date of 8-03 and a time of 11:03. Could you explain why in this instance you chose not to put stop above Aims level and instead above the alligators mouth? And in what specific situations we should do the same? Thanks, Glenn

[immy]

Hi

What it means is that we would do our money management from the opposite aims levels but we have red line far away from there so we would put our hard stop some where above the alligator. This is so that our risk is minimised. Since we exit on blue dot if we enter on red dot, our exit would have been even before it hit our stop loss. But just in the event that it spikes I dont want to have a -20. Also I meant was that "normally we would put our SL on the other side of aims", meant that we prefer taking setups with tight aims and like to have our "hard stop" on opposite side of aims. but we Never want that stop loss to be hit. We get exits much earlier than that. So we dont tend to take trades with deeper/taller aims levels but if you did want to take it then that is how you minimise your risk. suppose you wanted to take this trade even if the SL required was more than our max that is 15 then I would not wait for it to close me for 20 pips. I would minimise my loss. I hope it makes sense

ps; when I record these videos I dont select charts in advance i just pick a random chart