The great thing about NADEX is all trades have a max loss built in. Which allows anybody to trade freely and not have to worry about stop losses.
BUT, in some cases, when a chart has completely changed bias, it is worth mentally exiting to mitigate some loss.
In this case, watch how on /RTY Futures price breaks above the strike I sold and once price starts holding higher lows ABOVE the strike, it is worth giving up on it. Obviously, the original bias is just not there anymore.
We blog about trading, emotions, risk, reward, the struggles, the successes and just anything we think is fun and want to share with the BTG Community.