Three hours ago, I sold one lot of NZD/USD and so far, and so far, I lost 50 pips. How do I know when to hold and when to fold? I absolutely hate it when I put a stop-loss oder and all of a sudden the market goes backward and would have gotten my money back had I not placed a stop loss order. Also, I remember the concept of dollar cost averaging, where the trend never stays the same, trends always change.
I need help people: How do I know when to hold and when to fold? What should I do with this NZD/USD that put me 50 pips down in the past 3 hours?