What You Should Do If Your Stop Loss Is Hit?

Hey, what's up my friends!

In this week's market analysis I am following up with the 2 trades we took last week, NZD/USD and copper.

Both of these trades were stopped out for a loss. A stop loss doesn't mean you are silly, rather it means you are wise enough to protect your trading capital. So instead of feeling sore and getting upset with the markets, I re-evaluated the current market conditions and went short once again.

Remember, in the short run, your trading results are basically random. But, if you have an edge in the markets with proper Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, you will come out profitable in the long run.

Thanks and good trading!