$POWER Execute Stop Loss, Accept, and Move On
Unfortunately, the Long POWER order hit the stop loss. The price didn't continue to rise as expected, but instead reversed and fell, sweeping through the 0.0835 zone.
The important thing is to cut losses according to plan and survive to fight on. No one wins every trade; sometimes the market goes against expectations. Accepting small losses preserves capital for future opportunities.
Looking back at the plan: Long POWER trading plan (10x)
Entry point: 0.0860 – 0.0890
SL: 0.0835 ❌ (hit)
TP1: 0.0945
TP2: 0.0990
TP3: 0.1050
When the price broke below 0.0835, there was no reason to hold the order. Cut losses, learn from the experience, and look for other opportunities.
Did any of you fall victim to this order? Comment below so we can all learn from each other's experiences.