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Re: What is your strategy when a trade goes against you
So you are saying that if the strategy itself is flawed, your doomed no matter what, right?
If so, doesn't that go w/o saying? I mean, a losing strategy will lose over time no matter what. Hopefully everyone here understands that basic premise.
My point was that you can in fact have a winning strategy that is easily turned into a losing one b/c of stop placement and stop movement. Therefore, if you find yourself often watching trades go in the direction you wanted but only after being ticked out of the trade, examining the stop placement is needed. And that minor change can make a big difference. And back to the topic on hand - if you are 100% comfortable in your stop placement, then you simply allow the stop to be hit (to prove you are wrong) or let the trade go.
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