Has anyone found that there is a "more" ideal % range from current price to put an initial stop loss?
Obvously 2%-5% would see you stopped out a lot
Over 10% would see you not make a lot of profit unless a big movement.
I know it depends on the overall system and how often you need to be right, but I'd love to get people's thoughts on if there is a range that seems to work best (i.e. 5%-10% for example)