The proper place to take losses (put SL in) is @ trend-reversal level by utilizing the ďcut & flipĒ strategy Ö
Why Is So Difficult To Take Losses?
If you get frustrated experiencing a trading loss, you are not alone. In fact, it is human nature wanting to procrastinate booking a loss. Cutting your losses in the market can easily carry negative emotions unless you learn to become a great loser. What the heck does it mean to become a great loser you may be asking? Recognizing at all times when it's time to throw in the towel as the edge no longer is present. Taking a loss is one of those things that sounds simple in theory but it can be extremely difficult to implement. That's why the right position sizing and risk management is paramount. It helps us to protect ... (full story)