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The correct placement of protective stops is a balance between whipsaw and lag. If stops are too close to the price, we risk getting whipsawed. If the stop is too far away, the risk/reward ratio might not be worth the effort. Dynamic protective stops which respond to changing volatility are the solution. If you're trying to catch a defined move with a swing trade or following a trend, Ian Murphy's presentation will show how to effectively use volatility based protective stops to maximize a trade's potential while controlling risk.
Ian Murphy
Duration: 29:35