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    Thread: Do you close your losing trade? (6)

    1. #191
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      Red face

      Well, I set either a fixed SL or trailing stop to a particular level or manually monitor the trade so that I can close the trade if it is in the loss

      Whatever be it, never be in a dilemma as that would be take silly decisions which would result in more losses

      Trading is just not profits and losses but how you trade it and the consequences of which would be the results

      BTW,most people allow their losing trade to run while closing their profitable trades too early!

      Hence the need to be decisive and have good confidence...
      The Real Money is in 100% Compounding

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    3. #192
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      Not all the time i close my losing trades, some of the time i know that the negative trade will come back soon , so i just wait for the right time when the trade is on the positive side then i close it, but if the situation gets worst then you can close it too.

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