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My costly affair with EURUSD and the 'just one more trade' fallacy
I've lost count of how many times I've told myself, after a couple of good CFD trades on $EURUSD, that 'just one more' would solidify the day's gains, only to give back half of it, sometimes more, trying to squeeze blood from a stone. The market usually has a good laugh at my expense during those moments.
2 comments · 46 points
This is a classic trap, and it's so easy to fall into. It highlights the importance of having a clear exit strategy and sticking to it, no matter how tempting 'just one more' might seem. Psychological discipline is often harder than the technical analysis itself.