The term 'recoup' can easily ruin a contract player. Once you start to 'wait', you turn from a trader into a gambler, and the market never rewards gamblers.

When dealing with contracts, one must remember a saying: without a stop loss, you will never know how deep a single trade can take you into the abyss. Skilled individuals have no emotions about losses; they only care about one question: can the chips lost in this trade buy the next opportunity.