The dynamics of trading the market change after a specific period. My concern is the spike that usually occurs especially when you are in one direction and the market moves in the opposite direction. Have you experienced such before, what is the best approach a person can take to salvage the situation?
The average trader must experience this kind of situation at least once in their trading career. If you are a new trader has not experienced this, it is one of those situations to be prepared for to know the action to take in the market when it happens to you. Sudden spikes in the market can be traced to a variety of causes but majorly instability that happened suddenly. At such a time, it will be a good decision to opt out of the market and wait to observe and see how it is going before you jump back in.