Intuition is not free

If you are thinking about exiting, it is too late. You are praying at that point. If it is in your plan for your targets to get hit, up or down, continue what you are doing. If you are just hoping your stop does not get hit, on behalf of the market, thank you. I am making the assumption that those who post or say that their stop is going to get hit have discretion in their system. The problem is not this trade it is the hundreds or thousands you will take after that. There is a reason you wanted to get it, that is intuition. If you cannot afford to not make money on a trade, you are fucked anyways.

You lost the lesson too

The market is constantly giving feedback. What happens after the “my stop is going to get hit” statement? What if the market goes in your direction? Are you going to get out at breakeven? Let it run? Take a small lost/gain? What are you going to do next time? The time after that? The outcome will affect your decision. The outcome you remember best will be the one that gives you the best psychological reward not financial rewards. Trading is about answers, not questions. Unanswered question impedes reactions and forces decisions. Decisions are bad over the long term.

Get out already

It is one trade in a series of trades. The margins on trading are getting tighter and tighter as volatility skrinks. Opportunity cost is a real thing. If I am long it is harder for me to see a short opportunity at certain prices. I am not suggesting bailing on any trade that you take some heat on. You are missing the point. There is a reason you are uncomfortable, if you did everything right before, it is because you are in a shit trade. Don’t tell me you are getting out, convince yourself. Save a few of your bullets. You will need them later.

My opinion is not based on everyones situation, I am making some assumptions. There is a reason for thinking that your stop is going to get hit. A trade does not have an outcome till it is closed out. There is no way for me to account for every individual situation. Quit telling me that your stop is going to get hit and figure out why you think that. If you are going to take many more trades the financial part is not as important as the psychological part.