WickCheck / Trading school / Breakeven stop
Breakeven stopBEBeginner
Moving the stop to the entry price once a trade is in profit, so it can no longer lose.
What it means
It feels safe, but it often turns winners into scratches because price retests the entry before moving on. Test it: 'move stop to breakeven at 1R' with and without.
How to spot it
- Usually done at +1R or after a new structure break.
Common mistakes
- Assuming breakeven always improves results. Often it lowers them.
Related terms
Stop lossThe price where a losing trade is closed to cap the loss at a planned amount.…Partial profitsClosing part of a position at a first target and letting the rest run.…Trailing stopA stop that follows price as the trade moves in your favour, locking in more pro…
Why most strategies need a human behind the screen
Read the lessonWhat a mechanical test can and cannot tell you about smart money concepts.
Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.