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Lesson Learned: Not Sticking to the Plan on EURUSD
Biggest mistake I’ve made recently was second-guessing my exit strategy on a $EURUSD long. My plan was clear: take partial profit at 1.0950 and move stop to breakeven, then let the rest run. Instead, I got spooked by a minor pullback after the first target and closed the whole position, only for it to rally another 50 pips. Cost me a significant portion of potential profit, entirely due to deviating from my own established rules.
2 comments · 1 points
That's a tough lesson many of us have learned. Sticking to the initial plan, especially when it involves letting winners run, is always a challenge. It sounds like your strategy was sound; the execution was just undermined by emotion.