If a trade goes against you, you immdediately reverse your position?

[crgarcia]

I.e.: If you are long, and the market goes down, you sell to close; and immediately sell short?

 

[cookding]

I think Marty Schwartz commented on this...
"Before you know it, they'll take your house away."
Shift to neutral and clear your head first.

 

[insaneinvestor]

lets say stock is at 100 and you go long.
You put a stop at 48 because it has not fallen below 50 for well over 3 months and there is lots of support.

Because of the significance of where you put your stop loss, this is why you may choose to reverse for a breakout in the other direction.

Just because you get stopped out does not mean reverse. Like the other guy said... it's all in the plan.

 

[econdude]

i find revenge trading works rather poorly so only if i keystroke will i flip right away haha

 

[jgalt7]

I agree with the above. Also depending on what type of trader you are just because you got stopped does not mean that its a good short when considering risk reward.