One thing that I do when I enter a trade is to make a plan B.
What do I do if it goes against me?
Of course the simple answer should be to stop out but and if you have any doubt that's the right answer.
Another way to go is to look for a place to enter where you can exit on the first bounce or pullback. I'm down .02 on TVIX and I'm still thinking the markets turn lower but if not I should be able to get out of this on the first retrace.
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