Chief Currency Analyst & Trading Coach
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When something like this happens where the market goes the opposite direction from what was predicted (based on your trading plan), and your trade is closed out, what is your response?
Do you analyze what went wrong, or do you just move along to the next trading opportunity?
I'm a pretty analytical person so my instinct would be to look at the market and what happened and to try and learn from that. But what I've been seeing is that many professional traders are just trading whatever their plan dictates and not really giving much thought to the trades that fail.
I know that we cannot win them all, but I'm trying to figure out if I need to know exactly what happened in the market or if I should just ignore it.