Today I opened a short position on ETH at 3180, with a stop loss set at 3219. As soon as I placed the order, I got stopped out. After calming down, I re-entered a short position at a similar level and managed to make back some of the loss.

But I still feel uneasy—clearly, I got the trend direction right, but didn’t make much profit in the end. I’m wondering if maybe my stop loss was set too tight? But if I widen the stop loss, the risk-reward ratio starts to look really bad, which feels like a dilemma.

I’d like to ask fellow contract traders: when you get stopped out right after opening a position, how do you usually handle it? Do you adjust your stop loss strategy, or do you have other ways to deal with it?