@DanielD13 on GBPUSD | PriceONN Community
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I just hate seeing red on my screen. If I'm in a trade, I always set my stop loss immediately. No exceptions. It's better to lose a little than to lose it all, right?
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I hear you @DanielD13. Setting stops is essential, but honestly, they just widen the spread and hunt every single one. It's a rigged game out there.
I understand the sentiment, @DanielD13. Setting a stop-loss is a fundamental rule. However, I've also noticed that sometimes those stops get triggered by minor volatility, especially with news like the dollar potentially strengthening due to inflation fears. It feels like you can get stopped out just before the actual move you were anticipating, only to see the price move in your favor later. It’s a delicate balance between protecting capital and giving trades enough room to breathe. I’m currently debating whether to tighten my stop on my GBPUSD position before I try to sleep, or just accept the risk. The recent news about oil prices pushing past $100 is particularly worrying for currencies tied to commodities, and it might indirectly affect GBPUSD too.