Two winners in the results terminal below were undeserved
because they did not fully qualify
Silver, illustrated, lost due to pilot error because I was
too hopeful or greedy and TP wasn’t hit. but a modest
50 pip TP would have been hit
But supposing the modest TP wasn’t hit?
So far there has been no basis for a recoup campaign,
price may just be consolidating for all I know.
In which case do I leave the original trade open
indefinitely until another setup appears
No clear answer to that
At some point there should be an opportunity to recoup,
but it might take time and patience
back to my long winning runs, trades theoretically never
lose unless you allow them to be stopped out,
at some point they should either
- eventually hit TP or
- provide an opportunity to recoup in profit.
I will monitor Silver as a case in point.
It may take a very long time, (as military
campaigns usually do)
and so essential that a recoup strategy never be allowed
to degenerate into revenge trading
They are completely different things
One is cold blooded and tactical
the other is just blind emotion