So yesterday I published an article on the EU with entry and stop level. I get stopped out and some traders did as well.
That's trading for you, you won't always be right and to win in this game you've to be bold to take the loss and re-evaluate will clear mind.
What's wrong with yesterday setup, I labelled wave (a) as a completed (a)-(b)-(c). When market stopped me out and I re-analyse I could see that the correction is yet to complete and we still have a chance to trade lower in order to complete a double zigzag pattern. I took an aggressive entry 1/3 of my total risk and I will add the remaining risk once the conservative entry level is breached.
How do you manage your loss? Do you let your losers run? If yes, I have been in your shoes and I will tell you honestly, it won't help your bottom line.
Best,
Veejahbee.
That's trading for you, you won't always be right and to win in this game you've to be bold to take the loss and re-evaluate will clear mind.
What's wrong with yesterday setup, I labelled wave (a) as a completed (a)-(b)-(c). When market stopped me out and I re-analyse I could see that the correction is yet to complete and we still have a chance to trade lower in order to complete a double zigzag pattern. I took an aggressive entry 1/3 of my total risk and I will add the remaining risk once the conservative entry level is breached.
How do you manage your loss? Do you let your losers run? If yes, I have been in your shoes and I will tell you honestly, it won't help your bottom line.
Best,
Veejahbee.
