Hey everyone, got a quick question which I cant seem to figure out. Hypothetically I enter a position and have a planned tartegt. It gets 70% of the way there then I get stopped out because of a trail stop. Now obviously if I re enter the trade the R/R are worse off in my favour if we still risk the same amount. Now the question is do we take the attitude that we are currently in a trade and have no risk or do we take on the assunption thay every time we re enter a trade that we must re asses a new R/R and that this new trade carries a new risk.
Its driving me more nuts as its very close to an all time high and we cant really estimate the potential reward of a possible break out and by waiting for a new break oit might mean to miss a good explosive run.