Before we talk about how you hit a stop Let’s talk about a scenario,
You went short on a market and it quickly went in your favor.
You’re feeling good about yourself and start to count the open profits you’ve made.
Then… you noticed the price has stalled and has stopped moving in your favor.
Slowly, it crept higher and higher… and eventually hit your stops.
Now, you’re relieved that you’ve cut your loss.
The next thing you know, the market starts reversing back into your original direction. How would you feel?
Like an idiot?
So, here’s the thing…
If you feel any of the above, then it means you haven’t matured as a trader. These are negative emotions that are harmful to your trading performance.
Go watch this week’s market analysis and find out what you should do instead.
Suddenly Hit a Stop: Has this ever happened to you?
I hope you’ve enjoyed this week’s market analysis.
If you’ve got any questions, don’t hesitate to let me know in the comments section below. Cheers!
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