So I was shorting rallies in GBP late last night and then opened...

  1. 167 Posts.

    So I was shorting rallies in GBP late last night and then opened a position on the first bar of the chart I cropped at the green line. I set my stop loss at the red line above only to watch it get hit 15 minutes later and then the trade going the way I expected later on. This seems to happen way too often where I get closed out by a margin of less than 10 pips from my stop loss, (got closed by exactly 1 pip on the Nasdaq last night also).


    Now I've read that it is a good idea to only have a mental stop loss that you stick to, but when I'm trading 5 minute charts the volatility can be pretty insane and it has cost me in the past. I know stop loss hunting is a thing but I was only trading one full lot... Are brokers really such scumbags that they're looking to ruin trades like that or was I just unlucky? (yet again it seems)


    Any tips to get past this hurdle are appreciated. Thanks

    https://hotcopper.com.au/data/attachments/1357/1357201-c78139dc3782e375d27b81e5d69cba41.jpg

 
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