Breakeven stop loss

A breakeven stop will help lock in a no-loss trade. Once a trade is begun and there is little threat of your initial stop being hit, yiur stop loss can be moved up to breakeven to ensure no-loss is made on a trade.

Especially with the application of leverage, it is important to move your stop to breakeven as soon as reasonably possible. This will minimise the potential drawdown of your account.

At least when you have moved your stop to breakeven, there is a chance that you will end up with a profitable trade.