I am sure many of us here had experienced times whereby your trades did not react accordingly to what you expect them to do. For example, the short selling trades which you expect to go down did not move down and the long trades which you made do not react strongly as what you would expect it to.
What can you as a trader do then? Listed below are two responses which i think is viable to take.
- Cut away your positions immediately without it even touching your stops.
- If you think that you have trouble cutting away all your positions in one go, i will recommend that you reduce your positions proportionally. For example; reduce 1/3 of position first. Take this first step and you will find that you will be able to subsequently reduce all your positions. Try it out the next time your trades do not react the way you expect them to.
You'll be surprised. Trust me.
What can you as a trader do then? Listed below are two responses which i think is viable to take.
- Cut away your positions immediately without it even touching your stops.
- If you think that you have trouble cutting away all your positions in one go, i will recommend that you reduce your positions proportionally. For example; reduce 1/3 of position first. Take this first step and you will find that you will be able to subsequently reduce all your positions. Try it out the next time your trades do not react the way you expect them to.
You'll be surprised. Trust me.
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