Originally Posted by Peterw
Just out of curiosity - what do you do when a trade goes against you? Do you hang on and wait/hope it turns around - even if that takes a couple of years of massive drawdown/margin call?
I'm curious about that myself. Common sense would dictate that if one was wrong about the trend, then one would let themselves get stopped out, or close their position manually, and then go with
the trend after finding a good entry (however your system dictates), and then be on the right side of the trade instead of the losing side.
There is absolutely no point in holding on to a loser when you could be in the money... All that does is tie up money and waste potentially massive amounts of time.