Missing the Silver Target
What do you do when your trade misses the target by 2 pips (or 2 cents), which would have made you $3,500. My silver short targeted 75.40, market hit 75.38 but broker did not fill. As a result, the trade turned into a $6,700 loss. Did I let my anger (of not being filled) and fear (of deteriorating losse) push me to close the trade at a loss? Or, did I stick to the original trade out of conviction that the market will agree with me? Some say if I placed a stop, none of this matters. I took option 2. Watch here.
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