Hello,
Just took a trade now on gbp/jpy (+15 pips) could of got +20 in total but was distracted for a minute..moved my stop loss every +5 in profit (example: up 10 pips, moved SL to 5, up 15, moved to 10..:
Question: As seen, my R:R ratio is not 1 but less, is there any point where if you're in the zone for example on the 5 minute and want to take a short; set-up buy stop and watch price go through it but slowly reverse back up..should I cut the loss early and re-enter when it goes past the zone again?
Just took a trade now on gbp/jpy (+15 pips) could of got +20 in total but was distracted for a minute..moved my stop loss every +5 in profit (example: up 10 pips, moved SL to 5, up 15, moved to 10..:
Question: As seen, my R:R ratio is not 1 but less, is there any point where if you're in the zone for example on the 5 minute and want to take a short; set-up buy stop and watch price go through it but slowly reverse back up..should I cut the loss early and re-enter when it goes past the zone again?
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