|
| You placed your stop there for a reason.
Has that reason changed?
If the answer to that question is no,
then the stop remains where you placed it.
If your 'taken out' .. so be it .. that's what the stop is for.
say 'thank you' and if still interested in the market,
look for a new entry point.
OTH .. you move your stop higher, for what ever reason, and then it gets hit ..
you have now lost more than planned, and you were still proven incorrect.
If it was easy, we would all be rich ..
| |
|