What to Do if Price/Market Moves Against You Sharply! 😦

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What to Do if Price Moves Against You Sharply! http://www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE How to protect yourself from falling prices or adverse price movements. What if the market moves against you? What to do if the price moves against you sharply. Let's suppose you're in a trade and the price moves against you sharply - what do you do? In the perfect world we always have stops set at appropriate levels but mistakes happen. The point is we have to take some action.

Let's first suppose the price spikes in your direction:
Pull up stop; lock in some of those gains. (but you don't want the stop too tight)
Check the news and see if something has come out.
Assess volume
Watch price behaviour

How do you plan your risk management and money management after a loss? Let's suppose the price moves sharply against your position.
Against
Take some action; just do something - don't just keep watching it without doing anything because you'll end up closing the position at the worst possible time.
Put in a stop to help you stop panicking.
Trim position; reduce the trade.
Close position

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