Yes, of course. Because I take Breakout signals, i usually set an initial risk above the bar or bars, that led to my signal. I expect some sort of retest and then reset my stop once the market breaks below the initial (pre retest) breakout thrust. This level could be anywhere, sometimes it still entails almost all of the initial risk, other times it can be in a profit, depending on the market action.
I try to never accept less than 3 to 1 on initial R/R. but this can end up changing if a good portion of the move happens quickly and I decide to just take it, or if a pattern I consider tadable forms before my target is hit.
My whole life I would fear losing my profits and would be hopeful that my losses would turn around. In BlackJack, Poker, Sports betting and trading. i have had to actively deprogram myself.
Now I try to assume a 1 tick loss is a terrible sign, and that I should use any flimsy technical reason to stay in a winner. it is working out better but is a constant struggle.
