How many times have you had that 8 out of 10 trade setup only to see it get stopped out and then move to your target? This has happened to us more times then we would like to admit. The worst part is that this compounds the emotional roller coaster a thousand fold. Hitting a full stop on a great setup is part of doing business but it takes a lot out of you to watch that same trade work and hit your target.
We have started to implement a small tweak with mathematical success. We are taking a second swing at the trade. This second swing is triggered, executed and managed just like the original however the setup isn’t necessary. Imagine it’s the second swing but the pitch doesn’t have to be the same just in the strike zone.
Small tweaks like this can really start to build your account but first make sure you have a core edge that works for you. Never start to add until your core is working. If you are trading bad setups with no edge, then add-ons will just compound your losses.