Disliked{quote} Thanks for that excellent post. I will still need to study it in more depth. Just so far, this is exactly what i mean.... What you say here is the positive scenario. But what you do if once you closed the positive side and even added a new short here but it then directly starts moving up again? You are then not only increasing your loss on the negative side of the counter but also go negative with the new opened position. So i guess you need to have a plan where to cut this time`s loss too? Or would you just leave it open then going another...Ignored
I'll come in a final time on this Avery as, if Michael does answer your 'but what if', then I sense you will immediately think 'but what if' to something in that answer...and so the chicken and egg continues.
It seems to me like you are wanting to find a complete logical solution to trading i.e. if X happens then do Y else do Z....if you do Y and then A occurs then do B, unless C happens in which case do X.... wait 10 mins and your trade will be in profit.
This is not possible and will never be possible.
Therefore you need to learn to deal with the variability/unpredictability that will always be in the market which, simply put, means that the answer to your questions to Michael is 'what would YOU (Avery) do?' (sorry Michael if I'm treading on your toes).
As far as I'm concerned, it's over to you for now
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