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Hey keymoo,
that does hurt I know. The way I look at a trade is...if it was a good trade, and I know that the trade has merit and that's why I put it on, then I'll leave it be. If the stop gets hit and I could have gotten out for less, then so be it. I'm not gonna sweat it out, because I know probabilities are in my favor.
Maybe it's just me, but that's how I do it. |
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I agree with Tin and 273 here.
What it comes down to is knowing your system's strengths and weaknesses. Either you KNOW that trades can take a while to develop or you KNOW that they have to get into profit quickly. Noone here can tell you what is best for YOU and YOUR system. You HAVE to prove to yourself what is best. Just looking at this one trade, it appears that this was a great trade. I don't see any problems - your stop was never in danger and your profit target was hit. That's an ideal setup for me. Others want profit and profit instantly.
Here's an example from right now - I took at an EC short at 8:45am EST today. At 9:02am the profit target was taken out. Just reading that, it appears to be a nice, good trade. However, here is what happened - at 8:48 and 8:49 I took a little heat. Now, when it came back down again I could have paniced and said just get a tick or two and move on. Had I done that, I would be sitting here, just as the OP, asking why did I get out? My stop was never in danger and this is a 'winner'.
Bottom line - if you turn your 'winners' into a few ticks gain and take full stops, you'll never make money.