Good trader vs Bad Trader 3

Bad trader: Places stops based on how much their willing to lose.

Good trader: Places stops based on the necessary implications for a market reversal.

Background:

Previous ceiling broken and there’s some chance it’ll go to new highs. 

Market dips down, and comes back up, move stop up a tick:

Market makes new (relative) highs, move stop a tick below the most recent low. If the market touches my stop, then that’ll signal a reversal for me.

Now this is the real gamble (live):