Got a race for you that I traded this afternoon. made an assessment – Got it wrong
The rest is history!
The message is as the title suggests. Just because you make an incorrect call, it doesn’t have to be the end of the trade. The markets are constantly changing so your positions change with them. If you get it wrong you need a point – call it a stop loss if you like – that you draw the line and close your position at a loss. Draw a line and start again. But most of all Don’t Panic!!