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Precise Stop Loss is a requirement. Days are over when you traded without stop loss and let faith play the odds. Stop Loss is basically the level where your strategy doesn't have edge and chances to win are lower, not worthy for risk. That's why we cut our losses so we don't get in further move losses. Based on that knowledge, we need to know where our strategy doesn't offer the edge that we had initially. In Break and Retest, when the retest fails, we no longer have edge over it and the chances
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