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Re: What is your strategy when a trade goes against you
"If you have a stop that is routinely being taken out and then the trade moves in your favor,"
if that is ROUTINELY happening, then i agree - the trade setup IS faulty.
clearly, you should set your ENTRY where this "setup" places the stop
cause if the stop is hit there constantly, then it moves in your favor, then THAT is where you should be entering.
that's kind of self-evident
a big part of my trading is knowing how retail trades - where they place their stops and entries because then i know how to trade - NOT like retail. after all, most retail traders lose money
if u enter at price X, and price routinely takes out your stop at X-10, why not set your ENTRY at X-10?
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