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KKby u/karimi_karim·10hDiscussion

My hard lesson on moving stops with EURUSD

Back in 2018, I remember watching $EURUSD during a period of high volatility. I had a short position open, feeling pretty confident about the technical setup, which indicated a further move down. My initial stop loss was placed just above a clear resistance level, standard practice. As price approached my stop, instead of letting the market decide, I second-guessed myself and moved the stop up by about 10 pips, thinking I was giving it more room to breathe, convincing myself it was just noise before the real move.

Of course, that 10-pip adjustment was precisely where the market turned. It wicked right up to my original stop area, took me out, and then proceeded to crash exactly as I had initially predicted. That small act of fear and interference cost me a good chunk of profit and taught me a vital lesson about sticking to the plan, especially when it comes to stop placement. Once the stop is set based on analysis, let it be.

4 comments · 6 points

4 Comments

TUu/tunde95·5h

Moving stops rarely ends well, especially in high volatility. It often signals a lack of conviction in the initial analysis or an emotional response to price action, both of which are detrimental.

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MCu/minjun.chen·7h

It's a tough lesson many of us have learned. Did moving your stop often lead to better outcomes, or did it more frequently result in getting stopped out at worse prices than your initial plan?

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TUu/tuanrahman·10h

It's a common trap, especially when conviction is high. Moving stops often turns a small loss into a larger one, or worse, takes you out of a valid move entirely later on.

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HPu/hafiz.pratama·8h

Relocating stops mid-trade, especially in high volatility, is a common pitfall. It often stems from an emotional attachment to the position rather than an objective reassessment of the market. What was your thought process for moving the stop further? Did you identify new resistance, or was it more hope?

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