DislikedKanzler, do u continue to analyse your trade after you have entered it? If you do, why?
Obviously you do, for in ur comment above you noticed the trade was wrong before it hit your stop loss. That's why you considered completely exiting at that time. What will you do if conditions are the best you can hope for in your system, will you still close the trade at that point? What then did you base this decision on?
No body knows what the very next formation in the chart will be. That finding will alter what you do with the trade.
For me I will...Ignored
- | Joined Jul 2012 | Status: *Time is my only friend* | 152 Posts
let the chart to be your chauffeur ... -Forexmnstr-
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!