Hello all,
So recently I've encountered a problem. As I'm sure happens to many, I am often correct about expected price direction, yet fail miserably in timing and 'stop-outs.' I always thought the 'stop-out' issue was a myth. Yet literally each price swing hits the stop (often within pips) then proceeds to go as planned. Its infuriating. I'm considering not even placing stops, maybe mental ones, or ones based on action, yet this rigid 'Price-Stop' idea is killing me. All the losses AND the lost profit potential! Unbelievable.
So any help? Your experiences? Does it happen to you? And what is the best approach to tackle it? Maybe a stop system, no stops &/or and signal?
Thanks,
So recently I've encountered a problem. As I'm sure happens to many, I am often correct about expected price direction, yet fail miserably in timing and 'stop-outs.' I always thought the 'stop-out' issue was a myth. Yet literally each price swing hits the stop (often within pips) then proceeds to go as planned. Its infuriating. I'm considering not even placing stops, maybe mental ones, or ones based on action, yet this rigid 'Price-Stop' idea is killing me. All the losses AND the lost profit potential! Unbelievable.
So any help? Your experiences? Does it happen to you? And what is the best approach to tackle it? Maybe a stop system, no stops &/or and signal?
Thanks,
Humans are naturally hardwired to avoid and detest uncertainty.