I want to mention that the most common mistake I commit is related to FOMO. It happens more often than I would like and I am not going to say that it is caused by causes extrinsic to me necessarily.
This is one of these trades I am regretting about.
So what I do is just to close it or diminish the lot size asap and to take profits in recovery mode, just to avoid loses.
Here, the fact is not that it could either be or not a valid short, but that I ignored signals telling me that prices were going to move higher and now my RRR is one half of the one I would have got if I had followed a more disciplined entry.
Anyways, I do not like the level, it is not the ideal high level I usually take when shorting. I mean, good for quick scalps, but unpleasant for long shorts to me.
This is one of these trades I am regretting about.
So what I do is just to close it or diminish the lot size asap and to take profits in recovery mode, just to avoid loses.
Here, the fact is not that it could either be or not a valid short, but that I ignored signals telling me that prices were going to move higher and now my RRR is one half of the one I would have got if I had followed a more disciplined entry.
Anyways, I do not like the level, it is not the ideal high level I usually take when shorting. I mean, good for quick scalps, but unpleasant for long shorts to me.