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JMby u/johnson_marcus·1moDiscussion

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 · 9 points

2 Comments

DIu/diegowilliams·1mo

It's always easier to see the missed pips in hindsight. Sticking to the plan is crucial, but sometimes the market just tests your conviction. What made you deviate from the original strategy?

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TWu/thomas.wilson·1mo

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.

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