DislikedAlso, making rather nice gains tonight as well! I wish I had not pulled out a few days ago, that retrace would have made me a ton.Ignored
My experience on a live account taught me an invaluable lesson: never, EVER regret closing out a potentially bad trade that retraced and went well.
YOU DID NOT MAKE A LOSS. You protected your account.
You already know this, but for those who don't:
The point is to keep CONSISTENT profits (even if small), with as little loss as possible. The potential loss in a trade isn't worth risking to make a gain that is nothing but "hopeful"...and may never happen.
http://www.forexfactory.com/images/icons/icon2.gif One must make trades based on confidence in those decisions, not hope.