Break-even stop
Moving to break-even means shifting your stop loss to your entry price so the trade can no longer end in a loss, before costs and slippage.
When a trade moves in your favour, you can raise the stop to the opening price. Your risk drops to zero, or close to it, because of the spread, commission and any slippage.
It feels reassuring, but it cuts both ways. Moved too early, a break-even stop takes you out on a normal pullback, just before price resumes in your direction. Over hundreds of trades, that can erode your expectancy.
Set a clear rule in your plan, for example: move to break-even only once price has made 1R, or after an intermediate high has been broken. Then measure its effect in your journal.
See also