Tick Up Definition

By Chris on 2013-08-26 in Emini Room Definitions (0) Comments

Tick Up

Eliminating risk at a quick or slow pace by moving stop up by a tick or two as price moves sideways, up or down. Rather than overcrowd a trade I prefer to tick up at a steady pace as the dynamics of a trade continue to change. I do this until I've made a decision on what I'm going to do with the trade. One thing to notice is that I mentioned tick up and make no mention of tick down or expanding risk.

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