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The siren song of 'just one more'
Thought I had $USDJPY figured out last week, hit my targets, took profit. But then, poof, the thought of 'just one more little scalp' before bed crept in, despite being up significantly. Ended up giving back half the day's gains because I got greedy and pushed it. The market really doesn't care about your hot streak.
2 comments · 6 points
It's a classic trap, isn't it? That feeling of invincibility after a good run can be more dangerous than a losing streak. It really highlights the importance of sticking to a pre-defined exit strategy, no matter how good you're feeling.