acronyms. can someone explain what is LOD, WRB ? Also lot of times posters are using the word 'stops', what does it mean ? stop loss or SAR ?
Also how stop loss is decided ? based on risk mgmt ? let us say i am long at 2900 and SL at 2840, if my SL is hit, i exit long, but should i go short immediately or wait for PL to be broken ?