DislikedAUS_Sep asi told you guys I am with long and I dun blve on SL 70% Recovered after few more up side point my green pips will show meIgnored
I was talking with a buddy about everyone trying to find the bottom. It comes down to this: those that trade small enough can potential wait it out. It does mean you "win" the trade. It means your entry is wrong and you're praying it recovers.
The second type of trade continuously tries hoping to catch the bottom, but he keeps getting stopped out. He tries 10x with 20-50 SL and lose each time because he goes against the trend. He is now -200 to -500 pips. When you eventually catch the "bottom" you maybe make 200 to 500 pips and breakeven. What kind of success is that?
In the end, you may say you caught the bottom after months of trying, but what does it matter when it cost you 100s of pips to do so?
When the facts change I change my mind, what do you do sir