How do I know if I paper trade if the stop loss was hit before the take profit?

multibaggers · Dec 8, 2021

Your account would reflect a loss equal to the amount of the entry-SL.

andy_p · Dec 9, 2021

cravat said:
You can find that out by looking at the charts. I don’t think it’s difficult to spare a few minutes to look at the data on charts.

Hello,
So I look at the daily chart and if the price has hitted the stop loss price before the take profit price. I just take the stop loss and a loss for today? Is that it? I just have to look at hundreds of candles and see if the trend went my way?

thehung111 · Dec 9, 2021

andy_p said:
Hello,
So I look at the daily chart and if the price has hitted the stop loss price before the take profit price. I just take the stop loss and a loss for today? Is that it? I just have to look at hundreds of candles and see if the trend went my way?

yes that's right. If you have a chart, it is simple, you can draw the lines for stop loss and take profit. Then see at which points, they cut. Try the 5 or 15 minutes timeframe to narrow down.

maxinger · Dec 9, 2021

thehung111 said:
yes that's right. If you have a chart, it is simple, you can draw the lines for stop loss and take profit. Then see at which points, they cut. Try the 5 or 15 minutes timeframe to narrow down.

you will get scolding from the OP.
He made it very very clear he wouldn't look at the chart.

Overnight · Dec 9, 2021

maxinger said:
you will get scolding from the OP.
He made it very very clear he wouldn't look at the chart.

You should really stop mentioning the chart. You are going to incense the OP.

Overnight · Dec 9, 2021

thehung111 said:
yes that's right. If you have a chart, it is simple, you can draw the lines for stop loss and take profit. Then see at which points, they cut. Try the 5 or 15 minutes timeframe to narrow down.

Let's simplify his problem with a static OHLC candle.

How does he know if it hit his profit target in the candle before it hit his stop loss in the candle?

I mean, why would we need tick data for that?

maxinger · Dec 9, 2021

Overnight said:
You should really stop mentioning the chart. You are going to incense the OP.

noted.
I should have used the word cxxxx.

SunTrader · Dec 10, 2021

Even simpler - and free too - check yahoo at the end of each trading day to see what the daily high and low were.

And then say I think I entered near the low and exited near the high.

Then start search for real estate agents with private island listings.