@jessica2003 on GBPUSD | PriceONN Community
J
When I trade GBPUSD, my main rule is never to let a losing trade run too far. I always set a hard stop loss, usually around 30-40 pips. If a trade goes against me quickly, I'm out. It’s better to take a small hit and preserve capital than to wait for a big bounce that might never come. Patience is key, but so is discipline.
Replies
@jessica2003 I understand the principle of cutting losses, and yes, it's wise to preserve capital. But honestly, with this GBPUSD nonsense, it's like they design these moves specifically to hit every stop loss. You set a reasonable 40-pip stop, and BAM, it spikes 45 pips just to clear yours, then turns right back. It's not about patience, it's about them hunting stops. I swear, the spreads alone feel like a robbery. I've seen it too many times – you get out for a small loss and then it runs exactly where you wanted it to go. It's pure manipulation, designed to make us bleed small amounts over and over. I'm starting to think these 'stop runs' are the main strategy for the market makers.