Risk Management Practices

#1

IZSS Strategy

Example Situation: Long a trade that is currently unprofitable by 2-3 ticks. Initial trend flip indicators to go short appear followed by others that confirm the change in direction. Question; Do you stay with the log trade and ride out the reversal, looking for the long trade to come back. Or, close out of the long trade upon the first signals of change in direction,take the small loss and enter the short…

My thought is that the first loss is more often than not the “best loss” because there is now waay of know how much bigger it could become. Does this make sense?

#2

Please show a chart with an example so we are working of a practical chart versus a theoretical idea

Please review this post to learn how to do this: How To Capture Screen Images and Share Them In The Forum and Rooms (specific simple steps)