FX April 1st (Wednesday) Real Trade Review and Commentary [Dollar/Yen, Nikkei 225]
From reviewing real trades, I also discuss ideas on stop-losses.
Morning USD/JPY selling.
If you hold on without stopping out, eventually it would have fallen.
However,I don’t think it would have been better to not stop out.
If you think about it as a single bet, not stopping out and sticking with it would result in no loss and a profit, so it could be considered correct.
However, trading isa matter of accumulating repetitions to achieve overall profit.
Winning in one instance does not mean it is correct.
If you continue to win in the wrong way, bigger losses are guaranteed.
There is a result waiting that will inevitably yield greater losses.
If you consider accumulating attempts to achieve overall profit, “stop-loss = incorrect” is not valid.
Losing correctly is correct.
If you lose correctly, you can receive an overall profit.
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