I'm already in on the trade already for a while. Shorted many energy stocks like XOM, and TUPRAS which are already closed but there is more downside to go. Energy stocks are going to feel this.
Trading is not about being right or wrong. Trading is not being in the market all the time. But it is a response center where you check your analysis. Do you want a infinite cost to check if your analysis is wrong? Then don't use a stoploss. Do you want an infinite return which could possibly turn into a loss due a long period? Or do you want a set goal which is hit?
Trading is not only analysis but also your mental state. Mental control or mental analysis is what makes you a winner.