A short live-trading video by Alan Solarsh (Feb 10, 2023) describing a recent forex trade: a buy stop was triggered then quickly reversed, prompting discussion of applying a sell stop to avoid losses and wait for the next reversal or trend. The speaker promises to teach what to do next.
So yesterday the trade activated because it went through your buy stop and then all of a sudden immediately reversed. Oh, my goodness. What do we do now? We're losing money. If you applied the sell stop, you wouldn't be losing money, so the sell stop would have activated at this point over here. And now your sell trade is in a profit. So now what do we do? We wait for the next reversal. So. Or the next trend. So it's either going to go north or it's going to go south. So one of your trades is going to be blue, and. And I'm going to teach you what to do, so stay tuned.
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