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First time posting, lesson learned on stop loss discipline
Hey everyone, just joined the forum. Been trading for about two years now, mostly focusing on forex pairs like $EURUSD and $GBPUSD. One of the biggest lessons I learned the hard way was on stop loss discipline. I had a trade on $AUDUSD that went south, and instead of taking the small loss, I kept widening my stop, hoping for a turnaround. It ended up being a significantly larger loss than it needed to be, and really hammered home the importance of sticking to your initial risk management plan. Looking forward to learning from all of you here.
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