@amanda7341 on USDJPY | PriceONN Community

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A
Okay, so I'm trying to be smart about this USDJPY situation. When it dipped a bit earlier, I added a small amount to my position. If it keeps going down and hits around 158.00, I'm thinking of adding a bit more, but only if it looks like it's bouncing back. If it just plummets, I'll probably just cut my losses and get out.
USDJPY

Replies (1)

matthewharris
matthewharris PRO newbie Mar 25
Hey Amanda, I appreciate you sharing your strategy, but I'm really struggling with setting my risk levels. I tend to get nervous and want to cut losses too early, or I hold on too long hoping it'll turn around and then the loss is way bigger than I planned. What's your actual rule for stopping out if a trade goes against you? Do you use a fixed percentage or just a price level?
EURUSD 1.16117 -0.16%
GBPUSD 1.34248 -0.28%
USDJPY 160.02450 +0.09%
XAUUSD 4,475.01 -0.28%
XAGUSD 73.89 -1.61%
BTCUSD 63,589 -5.92%
SP500 6,572.87 +0.74%
BRENT 98.06 -0.83%
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