disbellj wrote:Well, I made 18% on my account yesterday and lost more than double that today. I am so depressed I can't even think straight. Why in the hell did I let that last trade go against me so MUCH!?!?! Just venting, no need to reply.
Sorry, replying anyways...LOL
I don't usually set a s/l and even when I do , it's quite far away anyways in case of a pc or internet outage. If I'm in a trade that I see price "zigzaggin" further and further away from my entry, then I'll wait till it retraces back up/dn as close as possible before I accept a loss.
So when it's say at 50 pips away and then comes back near my entry, but then zips aways again, I'll wait a little longer for a second attempt for it to come back, and then close it, but now the loss is only 10 or 15 pips instead of the 50.
For what it's worth if anything...