Another Way of Exiting a Losing Trade ☝️

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An alternative to just exiting a losing trade. Holding a losing trade. Now what? The normal scenario in this. Say we have a long position and we our stop loss at a particular level. When the market hits our stop, it fires the order and our trade is terminated. But there is another way of potentially managing the risk a little better. There are pros and cons to this which I'll get into. The option is to have a zone where you don't want that trade anymore. Is there any right way to exit losing trades?

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