Good post Pennies, that's the sort of stuff that I hung around here for when I first started trading. Totally agree with the wrong trade thing. If it's not right then it's wrong and no amount of averaging down trying to make yourself feel better about the entry is going to make it so. Used to think otherwise but I've become a fan of hard SL especially when trading Gann and I think it's the best approach. Lot's of nilly willy stuff out there about brokers running SL, stop hunting, etc and stuff but in the end it doesn't make much difference. It's one thing to have a SL to cover the spread and then a few pips but can just as easily break an account by averaging down. Be right more times than wrong and you'll make money but when you're wrong, you're wrong and it's best to admit it.
the government cannot give anything to anyone -- that they have not first taken away from someone else.
