Every trader is different and, as a result, stop placement is not a one-size-fits-all endeavor. High values suggest that stops be wider, as well as entry points to prevent having the market move quickly against you. This provides entry points for the day, with stops being placed to close the trade with a loss if prices return to the close of that first bar of the day. A two-month low stop is an enormous stop, but it makes sense for the position trader who makes just a few trades per year.
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