Not sure if I understand what you are saying by missing all the S&R losses. Do you mean in range, S&R tend to overshoot therefore reversing trade is bad idea?
Concinnity In other words it works for people who already know how to trade at a high level and are consistent, strong mentality and properly funded. If you're just flipping it because you're down "x" and had no edge to begin with, than it's pointless. The reason is clear because you need the first edge to be one, because once you see that edge failing and you know it normally doesn't than you can flip because you expect an outsized move in the opposite direction due to that setup failing.
I do my very best not to because market might just decide to go into a range. Also just wait for a setup but not the mentality of “I have to make back my losses.”
Good Morning doubledoubledoublecup, I personally understand your feeling on stop and reverse. You happy when it works and sad when it does not work. You just have to do it all. I am sorry, I just do not have an answer for you but to keep on clicking. My answer for everything is to simply keep on clicking the Buy and Sell Button, eventually something will make money. Click buy or sell button, or go to be hungry every night. You have no choice.
How many times I reversed short at the bottom xD Wow what a move against me ! Gotta reverse $$$ Reverse. Going opposite. Damn … If I held I’d be in profit. Me with twice the loss. Better to take a small loss Clear your mind. Reassess the situation.
Reversing works for very specific type of trading. You don't just reverse cause your trade is in loss. There is such thing as vol decay