EURUSD Daily Time Frame - Short Trade Stopped Out!

2019-11-22 06:06:41

Yesterday I showed a valid short trade setup with a Stop Loss and a Profit target. Today EURUSD moved above my stop loss price during the day stopping out this trade setup with a small loss. This is an example illustrating that not all valid trade setups will work. Nothing is guaranteed in trading there are only probabilities that trade setups will work. As long as over the long term we add to our account we cannot fault the trading plan. My strategy is to cut losses short and let the profitable trades run until they run out of momentum. This is good money management.