How far in profit should I be before I move my stop-loss to break-even?

How this is calculated

• Risk per share equals the difference between your entry price and your initial stop-loss price.
• The trigger price is the entry price plus (for a long trade) or minus (for a short trade) your risk per share multiplied by the R-multiple you set.
• The new stop price is your entry price adjusted by the cost buffer you enter, in the direction that protects you. Leave the buffer blank or at zero for a true break-even stop.
• This is a discretionary risk-management technique, not a guarantee. A stop order can still fill worse than its trigger price during a fast move or a sharp overnight price jump, especially in low-liquidity conditions.
• This tool works for both long trades (stop below entry) and short trades (stop above entry), based on where you place your stop relative to your entry.