Time based stop losses

[jamstock]

Sometimes you enter a trade and price just doesn't move much for ages. In that situation would you use a time stop loss to get out of the trade? if so how long do typically give a trade before getting out?

 

[penny128]

u gotta wait and do it on time. my time is told me by my broker

 

[stevenchin]

u gotta wait and do it on time. my time is told me by my broker

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[rakhi]

A time-based stop loss is a stop loss that is initiated after a pre-determined amount of time has elapsed. It can be automated or manual and in both cases, your position is closed to allow you to seek a better market.