{"id":9723,"date":"2022-10-12T20:39:53","date_gmt":"2022-10-12T20:39:53","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=9723"},"modified":"2022-10-12T20:39:53","modified_gmt":"2022-10-12T20:39:53","slug":"protect-yo-self-from-reversals","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/10\/12\/protect-yo-self-from-reversals\/","title":{"rendered":"Protect Yo Self From Reversals"},"content":{"rendered":"\n<p>Whenever Happy Pip goes swimming at the beach or the pool, she always wears her pink rubber ducky floaters.<\/p>\n\n\n\n<p>Whenever she trades retracements, she uses\u00a0stop loss\u00a0points.<\/p>\n\n\n\n<p>Pink rubber ducky floaters are&nbsp;<strong>lifesavers<\/strong>. Stop loss points are&nbsp;<strong>capital savers<\/strong>.<\/p>\n\n\n\n<p>As we said before,\u00a0<strong>reversals can happen at any time<\/strong>. Retracements can\u00a0<em>turn<\/em>\u00a0into reversals without warning.<\/p>\n\n\n\n<p>This makes using trailing stops in\u00a0trending markets\u00a0very important.<\/p>\n\n\n\n<p>With trailing stop loss points, you can effectively prevent yourself from exiting a position too early during a retracement and exit a reversal in a pinch.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p>You don\u2019t have to be shot down by the \u201cSmooth Retracement\u201d. You don\u2019t have to lose all those pips.<\/p>\n\n\n\n<p>And you most certainly don\u2019t need to wear pink arm floaties (although if pink\u2019s your favorite color, it\u2019s okay \u2013 we don\u2019t judge).<\/p>\n\n\n\n<p>Just know&nbsp;<strong>how to distinguish retracements from reversals<\/strong>.<\/p>\n\n\n\n<p>This is part of growing up as a trader. Having the ability to do so will effectively reduce your losses and prevent winners from turning into losers.<\/p>\n\n\n\n<p>With lots of practice and experience, you\u2019ll find yourself being able to trade accordingly to retracements and exit with a profit more times than not.<\/p>\n\n\n\n<p>May we also suggest further reading on this topic?<\/p>\n\n\n\n<p>These forum threads might be able to help you out:<\/p>\n\n\n\n<ul><li>How do I know if a trend is losing strength?<\/li><li>Best indicator for gauging the strength of any current trend<\/li><li>Trend channels and price action<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Whenever Happy Pip goes swimming at the beach or the pool, she always wears her pink rubber ducky floaters. Whenever she trades retracements, she uses\u00a0stop loss\u00a0points. Pink rubber ducky floaters are&nbsp;lifesavers. Stop loss points are&nbsp;capital savers. As we said before,\u00a0reversals can happen at any time. Retracements can\u00a0turn\u00a0into reversals without warning. This makes using trailing stops [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[813],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/9723"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=9723"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/9723\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=9723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=9723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=9723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}