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hmm , i would go with 2. but impulse for an experienced eye wins more than logic.
how to see the result?
Just look at the percentages and the highest is the most appreciated answer.
Your stop loss level most of the time must be smaller than your take profits
When you loss 2% in a day close the computer for the day
When you loss 5% in a day close it for the week
When you loss 15% in day close it for a month
When you loss more than 20% stop trading , find something else to make money

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