DislikedFrom my 12 years experience of losing trade , newbie must learn 1. if price not go to the direction as expected where my exit . ans : get 1 ma as exit if not go that direction , close it even in loss. don't try HOPE price will come back .Ignored
Hi @edmun1388! I have certainly learned this the hard way... I am curious though, how many candles should I call it quits or simply the 2:1 reward to risk stop loss. I am asking because I have set so many stop loss, which is usually 20- 40 pips depending on the currency pair. As soon as my stop loss his... bomb price shoots in the initial direction I was headed in. I have lost a portion of my account because of this. I learned about level, stop loss, and reward to risk from OTA (online trading academy), I got frustrated because I was loosing more money inputting a stop loss then I was without and a close eye.
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