Hello Folks,
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?
I have had a few suggestions like opt-out, some have said canter trade so you can recover. Do well also to share how one can avoid this possible scenario.
I don't know what your strategy is but from my trading strategy and experience, there is what we call a failed setup when it comes to trading, There is no 100% accurate strategy, So you are going to sometimes experience such a time when the strategy will fail you despite meeting all your terms and conditions of entry. Therefore, the bottom line is I exit the position immediately and wait for another opportunity to come and I call it a lost trade.