We have been taught many times that moving your stoploss when you see that it is about to be hit is never the best option.In our trading experience when we glance at our trade whose stoploss is about to be
hit perhaps about 5pips away,we may discover that ordinarily judging from the chart(not our emotion of not wanting to loose)we should have placed the stoploss somewhere else.What should be our response?is it better to allow it to be hit or simply move it to the appropriate place?
hit perhaps about 5pips away,we may discover that ordinarily judging from the chart(not our emotion of not wanting to loose)we should have placed the stoploss somewhere else.What should be our response?is it better to allow it to be hit or simply move it to the appropriate place?
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