Quote:
Originally posted by Burtakus
My question is when should a trader follow his/her plan even if it means letting a winner become a loser for a period of time?
|
Hi Burtakus
My take on it is most trades are in the negative at some time during the trade (well mine usually are anyway!) we all know prices seldom go in a straight line. I stay in a losing trade until either my stop is hit or TA tells me I was wrong until then I hold.
I think the author of that article really meant a winning trade with a good profit turning into a losing trade probably meaning it's best to use trailing stops or stop at break even.
Just my opinion
Pete