Before I enter the market I know where I want to exit if the market gets to that point. Because in times past I have found that can very frustrating once in the trade and trying to decide to stay in, or get out. Sure one has to be uncomfortable that is why I plan this before I enter the trade.
the best traders just focus on managing the worse case scenario when they look for trades .....then any upside takes care of itself ......
i can’t believe how many traders talk about getting 1:3 returns etc ......a trader has no idea however much any trade will make ....it’s all about managing the loss that you can control ......consistently and in a sensible strategic approach over time and large sample size