Disliked{quote} You never know at what level a trend will change, in advance, and many breakouts are false breakouts. I always enter a trade with a plan, so I know what would make it wrong and where I would exit if it didn't go in my direction, I don't need a hard SL for that...I just watch, observe and exit when the time is the best for it, either in profit or in loss. But the size of losses is very limited this way.Ignored
If you nervously put up a trade and have your eyes glued to the screen as if your life depended on it, then it's likely you aren't managing your money correctly.
I can literally go hundreds of pips underwater and still not get a margin call. However, like you, I also have boundaries. There comes a point when you have to admit it's not working and get out.
You don't know because you don't ask.
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