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.
Those spikes happens to trap traders and also induce traders, it is basically the stop hunts you have been hearing about and stop hunts do happen during volatile news.
https://www.forexfactory.com/calendar this is the site i use to spot those news that causes spikes and volatile moves in the market. my advice to you will go like this wait for the spike before u enter a trade. Even if your analysis is correct.