A 5 Candle call hit its stop. Did something go wrong?
Quick answerNo. Some calls hit the stop, and that is what the stop is for. With 5 Candle the wins are many and mostly small, and the losses fewer but whole, because the first stop is wide.
The details
- The trailing exit takes most trades out early in profit; a trade that turns against you right away runs to the first stop.
- That is why sizing to the stop matters: risk a small part of your account on each call (Position Sizer).
- Every loss stays on the record next to the wins.
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