@amanda7341 on USDJPY | PriceONN Community
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.
Replies
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?