Retail day traders, specifically those who manage their own rather than somebody else's money, have another rule their stop losses must comply with. They set a maximum loss per day that can withstand financially and mentally. That's a day traders strategy.
The swing trader strategy shows the different things. Loss and gain, based on the movement of the indicator only, it will move up or down, the price will follow.
Profit and loss become more measurable.
This m ethod uses 3 main indicators that have been tested for accuracy such as on: