Moving your stop to breakeven: when, and does it actually help?

Breakeven stops feel safe and often aren't: they convert would-be winners into scratched trades, and the protection is partly psychological. Tested results are split, and the answer depends on the strategy's exit design.

What's your rule?

• when you move to breakeven (1R, a level, time)
• what your journal says it costs or saves
• whether you've compared breakeven against leaving the stop

The stop-loss guide covers the logic of stop management.