For those that Trade a Mechanical system, I was wondering when the trade goes against you, do you ever reverse your position, it would seem that it might be more profitable. Yes, I know that you should focus on risk before reward, yet it seems if you enter while the signal goes against after it breaches a certain point, it seems as though the trend is strong and thus a less riskier take on the trade, and you could at least pick up what you have lost in your stoploss, or cover your position if you have none. Of course if the trade whipsaws you wouldn’t bother with it, it again would have to be past a specific point. This may seem like revenge trading, but it seems logical, to me anyways. Of coure I am longer term, so It probably wouldn’t apply to scalping - that would probably be too risky. Anyways if you have any thoughts on the topic, or ideas/suggestions, anything will help. Thanks 4 the time!
As always Stay cool, take it easy eh!
Instead of studying it, I just thought of the next best thing!! Anyways thanks alot, and I did get something from your answer, so if the above sounds like it was useless answering my question, it wasn’t.