moonchild
VIP Contributor
Taking losses is an art and many people have different ways they do it, in this short post we will explore different ways you can learn to take losses and also the comment section is open to hear from you.
Waiting till stop loss, this means when you enter a trade you should not just get out because you're negative, you ain't till the trade hit your stop loss, this depends on how strategic your stop loss placement is.
Out and About, this process deals with getting out of the market as soon as you see an evidence that your trade is wrong, you don't even have a stop its a predetermined mental stop where you get out of the market as soon as you see signs, this is mostly common with scalpers.
Waiting till stop loss, this means when you enter a trade you should not just get out because you're negative, you ain't till the trade hit your stop loss, this depends on how strategic your stop loss placement is.
Out and About, this process deals with getting out of the market as soon as you see an evidence that your trade is wrong, you don't even have a stop its a predetermined mental stop where you get out of the market as soon as you see signs, this is mostly common with scalpers.