Some of you may be wondering what the heck I'm talking about sometimes but you still don't ask, so to help you out, if someone asks me one question, I would then believe it to be so that there's more than one of you with such a poser (problem)...
So here's an email I received today my
answer/response is below:
'Sorry Wilson, ...but I can't see where you say if a
trade does go against you whether you should just sit back and let it hit your
stop or if you should get out. I thought the whole point of the stop was to let the market breathe, so getting out early won't achieve that and you could miss a decent
trade (what's the point of having a
stop if you don't use it?) but if there is a way of reliably exiting early, I'd be interested to hear it, please.
Also, when entering a
trade, do you take the spread into account, or once that
buy/
sell figure hits the number from your chart do you jump in?'
My Answer/Response:
For me, it depends on the moment and how I feel in relation to what I...
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