Let’s say that my entry is at 200 with 180 as initial stop loss and I’m expecting the stock to go up till 220 however I’m a little skeptical and I think the stock will go in down trend after 215 then can I change my stop loss to 215 ??
Once it is above 215 you can place 215 as stoploss in this case.
It would be SL-M order, right ? instead of SL…
May be you should read this on using stop losses.