Sometimes just a pure time / patience can solve the problem without our interaction. All we have to do is think forward. Once you start to panic and let emotions to ride with you, you are done especially in forex.
Patience is not the ability to wait.
Patience is to be calm no matter what happens, constantly take action to turn it to positive growth opportunities,
and have faith to believe that it will all work out in the end while you are waiting.
I got the wrong entry. What do I do now. Should I close it? But if I close it can reverse. Okay I close the trade in loss. Oh now it reversed, I re-enter again. It goes up again, and there it goes.. the crazy emotion train.. off the rails.
Why I make this idea.. because last trade is a great example of how just a patience can pay off.
Yes sometimes you make mistakes.. but if you can think off a plan B and if you believe in what you have created ( method / system ) then sometimes just give it a time, is all what it needs.
I got both haters / wise guys aka Holly Grail's, and people in panic.
Holly Grail's too early to be happy about my bad trade entry / situation, and panic people too early to be in panic.
And now you see how a problem got solved with just a patience / time.
That being said.. it's all about mindset and patience!
I closed my short trade in plus and will re-enter higher!
Again if 1212 does not work out for me, I have pending at 1216 as well and at 1219 as well, just in case.
Trade safe and do your due diligence!