trading has been a difficult process for novices and minor traders. it could be tempting most times if you dont understand the market movement and TA. you might loose patience and cancel out a trade you might regret later. i have cancel out many trades that later ended up in huge profits. i have also cancel some successfully. i just curious to know if there is any sure way to this trading were by you hold on a trade.
The only way is to work disciplinedly. For example, when you set the plan for this open order, you have to answer 3 questions:
- Why did you open the order?
- When the price fluctuates to what extent do you accept that the trend has gone against what you expected?
- How much risk will you accept when opening this order?
You must be familiar with these 3 questions in each of your transactions and follow what you have planned. this is one of the best ways to manage capital and create the discipline of steel.