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Thank you for your kind words. Before I give you my reply, please remember that it is my opinion.
[B]
While I respect that you would want to minimize the loss if you have an entry error, this is precisely how the OP got in trouble. There was an error, and he realized it, then decided to "manage." When you make an error, your next move is not to trade but to eliminate the error. How do you remove the root cause of your mistake by staying in the market? Rhetorical, you don't.
I never call any thinking "unsophisticated"; instead, there is a practical and pragmatical action applicable to a given situation. Any profession has "crisis management," and there could be areas where one's intuition tells one thing(beginners), while practical experience (pros) shows something else entirely. This is why pros have a different perspective.
Lastly, as you know, trading, amongst other things, is the business of decision making, risk management, and focus. It would be hard to apply these elements and expect to come out ahead while in a stressful situation.
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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I know for myself, I need find a way to get myself to get out immediately after I realize any kind of mistake, even though I believe I can manage my way out WHILE IN THE TRADE I also, and more so believe over 100 trades it wont work!
But this is one of the ones you CAN get out of my brain says! Boom! I should get out! (This is specifically about after I realized I made a mistake)