Hi!
Many a times, while doing some demoing, I see a trade in profit like 40-50 pips (most of my trades are opened with a SL of 50-100 pips) and then turns bad & I let it go down in the hope of taking off just now , which needless to say, too often hits my SL . Few times, it does turn around and puts me well into green like few hundred pips.
I, at the moment, don't have any early exit strategy, I'd like to ask you pros here, what do u do in that kind of situation?
Thanks in Advance!
Many a times, while doing some demoing, I see a trade in profit like 40-50 pips (most of my trades are opened with a SL of 50-100 pips) and then turns bad & I let it go down in the hope of taking off just now , which needless to say, too often hits my SL . Few times, it does turn around and puts me well into green like few hundred pips.
I, at the moment, don't have any early exit strategy, I'd like to ask you pros here, what do u do in that kind of situation?
Thanks in Advance!
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