DislikedIf I had a 300 pip loss, I would wonder what the hell am I doing. It would take 2-3 days to get there.. which makes no sense.
Don't look at the % and the pips as some sort of mathematical gauge. The market moves in waves and that serves as your attack/rescue timers and sizers.
Yes, I would take partial rescues when I am wrong and the rescue fails to reach a breakeven point. Overstay and your position becomes unmanageable quickly.Ignored
I am very grateful for your reply
I think I understand the waves that you are referring. However, at times, retracement waves are so small it would take a large skew to get out at BE. Moreover, there's no guarantee that the rescues will not be trapped. In the event that L3 or more are trapped, one would probably be 150-200pips away from initial position... (pardon me for using pips again )
And that's were things can get hairy....
edited* Not sure if I have misunderstood you... please correct me if so.
regards
P.S. to "pull and plug" at 5-10% in the above scenario can happen I think....