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Can I manually move stop-loss level up over the entry price while market going up ?


janeyan

Question

Hi,

As title suggested, for example:

  1. long a stock at $100, set stop-loss at $95.
  2. stock price goes up to $120
  3. then If change stop-loss to $110, meaning that I will get at least $10 profit if price going down.

Is IG CFD Platform 'okay' with thin kind of action ? 

NOTE: I know there is a trailing stop, but I may not use that in some case. 

Edited by janeyan
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