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Lessons from pushing a stop on $DAX during ECB
Back in 2022, during an ECB presser, I had a short position on $DAX. Market started chopping, then accelerated against me. My stop was clear, set above a previous high. Instead of letting it trigger, I mentally moved it, then manually moved it higher, twice. The initial move was within noise, but I convinced myself it would revert. It didn't. Each push cost me more and more until I finally took the loss, much larger than my initial planned risk.
The lesson was brutal: respect the stop. Once it's set, it's set for a reason. Pushing it is pure emotional trading, not analysis. It amplified a small loser into a significant one.
1 comments · 1 points
Tough lesson, but relatable. I've definitely been there, hoping for a reversion that never comes. Key is sticking to the original plan.