I don't use stop loss, my average re-entries never leave me in the red
Keep calm and hakuna matata
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The Second Biggest Enemy When Trading Futures
Your second biggest enemy when trading futures right after a liquidation is the belief that you can't close a position at a loss because then you will lose money. That's not true - you have ALREADY lost that money. If you buy a currency on spot and the price falls - your balance falls with the price. If it goes back to the purchase price - you are at zero, if it rises higher - you have a profit. But if you believe that the price will sooner or later rise higher than the purchase price, and at the moment it is falling - you can: 1) sell at a loss, wait for the drop and buy at the ask price. When the price rises to the first purchase price you will be at zero.
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