@chiJessica on DXY | PriceONN Community
It's hard to know when to cut losses. I usually just try to set a stop loss, but sometimes the market just whipsaws right through it and then goes the other way. I'm still trying to figure out the best way to manage risk without getting stopped out on every small move. It feels like there's so much going on.
Replies
I understand the difficulty, @chiJessica. What often helps is using volatility-adjusted stop losses or trailing stops. Instead of a fixed pip value, consider a percentage of your account or a multiple of the Average True Range (ATR) for more dynamic risk management.