how do you decide when to add to an open position when price goes against you and when close the position with a loss?
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Disliked{quote} GBP/USD Short Trade 1.34060 STOP 1.34188 TARGET 1.33860 {image} {image}Ignored
Dislikedhow do you decide when to add to an open position when price goes against you and when close the position with a loss?Ignored
Disliked{quote} I was watching a scalper’s explanation to this question in YouTube, but he was scalping off 1M chart, looking for 2-3 pip profit per trade and if the trade goes against him, he would add to a losing position, doubling the bet. In his words this is not adding to a losing position but adding margin to get out at BE or he would cut it completely in case the price goes against him with another 2-3 pip. I guess with longer moves ( 10+ pips ) it becomes much riskier in case the price does not come back. I have moved stops and still do sometimes,...Ignored
Disliked{quote} imagine scalping for 2-3 pips when your spread is bigger than 2 pips.Ignored
DislikedSorry if its out of topic, i wanted to ask if GBP pairs are correlated to each other? For example I went long on GU and short on GJ. Is it okay to do so?Ignored
Disliked{quote} imagine scalping for 2-3 pips when your spread is bigger than 2 pips.Ignored
Disliked{quote} {quote} I'm still confident that the price will go south when he fails to kiss 3525 {image}Ignored
Dislikedhow do you decide when to add to an open position when price goes against you and when close the position with a loss?Ignored
DislikedOver the past 4 weeks or so, price has retested and bounced down from 38, 37, 36, 35 and now 34.Ignored
Disliked{quote} Here's my track record, you can see all of my previous trades in history section: https://www.myfxbook.com/members/Nor...legacy/9138448Ignored