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The Slippery Slope of Moving Stops on $DAX
Back in the day, I learned a very expensive lesson on the $DAX CFD. Had a decent short position, market started to squeeze, and instead of taking the small loss at my original stop, I kept moving it, convinced it just needed to retrace a bit more before heading down. That "bit more" turned into a substantial chunk of my monthly P&L, transforming a manageable paper cut into a gaping wound. Never again will I second-guess a predetermined stop loss based on a hunch.
1 comments · 5 points
Relatable. It's tough to admit you're wrong and just take the small hit, especially when you've already sunk time and capital into a position. That's usually when the real damage happens, not at the initial entry.