Hello fellow traders,
While live trading, even if I use stop loss and take profit, I stay in losing trades until they turn around and exit winning trades a lot quicker than I should for fear that they turn sour. I risk of course 1% of my account, but seeing as how I exit much faster, I could lose all of my profits instantly.
So far, over the last week, 7 out of my 7 trades have been correct because I waited for a correction while trading support resistance, but I have made a lot less money than I would like (that my r/r is ultimately a lot worse than I calculate it) and even if I risk 1% of my trades, I could lose 50% of everything I earned this week in one mistake.
I just cannot seem to walk away from my computer and let the automatic orders do their thing.
Tips would be appreciated. Thank you.