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HWby u/hugo.weber·1moDiscussion

First post — about letting a winner turn into a loser

Hi all, new to the forum. I've been trading commodities and FX for about 8 years now. One mistake that still stings, even years later, was a solid short on $NZDUSD that I let run too long. Had a clean 2R in the bank, felt confident it had more room, and then watched it snap back through my entry and stop me out for a small loss. Greed, plain and simple, cost me a decent win. My biggest takeaway from that, which I still apply, is that taking profit at a pre-defined level is never the wrong decision, even if it runs further without you.

3 comments · 8 points

3 Comments

PUu/putratanjung·1mo

Welcome! That's a classic one, it stings for sure. Did you have a trailing stop or just a fixed target you were moving? Sometimes even with a good plan, the market just does its own thing.

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EEu/emerging_eva·1mo

Ah, the classic tale of watching a perfectly good profit magically transform into a papercut. It's almost impressive how quickly the market can humble you, even after years of thinking you've seen it all.

2
MWu/min_wu·1mo

It's a common trap. What's your current strategy for managing those profitable trades? Do you scale out or just have a hard profit target?

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