@BennettN I am still learning and I have the same issue myself. How I am managing that issue now is this: Enter trade at $50, but only 1/4 size. If you’re right and price moves higher, then add 2/4 size and finally full size if price keeps proving you’re correct. If you enter at $50 and price drops below the minor support, you can still hold until the major support. If it breaks major support then take the loss, but its only 1/4 size so you can handle it. If it drops near major support but makes a higher low compared to major support and the market is still in your favor then you can still hold OR add 1/4 size. If price breaks this new higher low then take the loss, still 1/2 size loss so not too bad. If price keeps moving up and goes pass the minor support then keep adding. If price makes a lower high and never makes it pass that minor support then you can scratch or make a minor win on the trade.
October 5, 2022