A trader's experience
Every trader will had the experience that I had today. In fact he will experience it more than once in his life as a trader. He opens a position like we did yesterday Long but the market turns against him.
Now in our case the market initially went in our direction but this
doesn't realy change the overall picture.
So he has to close because his stop is reached or whatever and then:
at a sudden the market turns again and his position would have been
in a profit if he stayed in, but he isn't.
This happens all the time and it happens when you are an intradaytrader
or when you are a positiontrader. Now suppose the system tells the
trader that he has to enter the market again Long.
What will he do?
The trader has to keep in mind two things which are very important.
First a stop or a close of a position must allways be performed when
it is necessary and when done so it must give the trader a satisfaction
of his own discipline, the discipline which keeps him in the game.
Secondly every trade stands on his own which means that, and this is
important, the outcome of every every single trade is independant
of any of the foregoing. There is no interaction between trades done
in the past by you and the trade you are intending to do now.
So here is your answer what the trader should do. If he has closed
his position and the reason for him being a good one, he has to forget
this and take the position Long again. The outcome of this trade
independant of the preceeding one.
9:47:10 PM 
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