Employment statistics, a bit negative due to being triggered at the quoted price, and then it goes back again…
Because this was a position that spanned the employment statistics, this time Iraised the stop to near the entry price and took the bet.
The result was that the stop was hit due to the volatile moves around the employment statistics.
And it slipped a little,so I ended up almost exiting at the entry price with a small loss.
“Well, at least I avoided a big loss, so it’s fine,”
I thought as I watched the chart, and……
it started to come back from there.
That’s the most frustrating thing.
But this time it only came back, and there was also a possibility it would have run in the opposite direction.
If you look at the result, you can say “I should have held,” but at that moment the future price movement isn’t knowable.
The lesson this time is,
“It can come back after being cut”
To avoid large losses is more important than missing profits.
There was a small loss, but I protected the funds and moved on to the next opportunity.
Still, though……
It’s really annoying when it comes back after being stopped out at the entry price.
The result was that the stop was hit due to the volatile moves around the employment statistics.
And it slipped a little,so I ended up almost exiting at the entry price with a small loss.
“Well, at least I avoided a big loss, so it’s fine,”
I thought as I watched the chart, and……
it started to come back from there.
That’s the most frustrating thing.
But this time it only came back, and there was also a possibility it would have run in the opposite direction.
If you look at the result, you can say “I should have held,” but at that moment the future price movement isn’t knowable.
The lesson this time is,
“It can come back after being cut”
To avoid large losses is more important than missing profits.
There was a small loss, but I protected the funds and moved on to the next opportunity.
Still, though……
It’s really annoying when it comes back after being stopped out at the entry price.