Why do you hold onto a position that way ? whats the reasoning behind it ?
Under what conditions should a trade be terminated, or stopped. ?
Ideally when should we close a long ? Ditto shorts, what would make sense ? what reasons or factors would/ should be in the list ?
I'll start the first one off for the readers (which may or may not be typical experiences)
1) Its non farm payrolls in 3 minutes and I need to take another dump...... (is that a prior news postion I see before me ?)
2) (evryone else chips in here)
c'mon now lets make it count......
when should the trade be stopped ? good question.