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closed my buy trade before news was released only for price to skyrocket

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@ozgal_galzo - 4 months ago - Forex Education

I took a buy trade on an instrument and just before the news was released I exit the position with 20 pips profit. But after the news came out price rallied nearly 60 pips now I am regretting. Did I make the right choice?

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@andy_colgate_nottinghill - 4 months ago

You did well, account preservation is paramount.

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@weilo_daniel - 4 months ago
Quoted - andy_colgate_nottinghill

You did well, account preservation is paramount.

Should have just secured some profit or waiteded at breakeven then allow the trade to run.

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@chris_4eva - 4 months ago

Yeah I would do the same, Its about cultivating good habits and nit just about success on one trade.

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@headies25284 - 4 months ago

Sincerely you did the right thing cos no one can precisely predict the direction of the market during the news. It’s always better to preserve what the market has given you and wait for another opportunity to present itself. There are numerous opportunities in the market.

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