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DMby u/diaz_manuela·4dDiscussion

My first big lesson: The allure of 'just a little more'

Hey everyone, just joined the forum and figured I'd introduce myself with a bit of a cautionary tale, as requested. Been trading for a few years now, mostly focusing on forex pairs like $EURUSD and $GBPUSD, with a dabble in crypto like $BTC when the setup feels right. My biggest early mistake, and one I still have to guard against, was the 'just a little more' trap.

I remember this one $EURUSD setup, beautiful pin bar on the daily, clear support/resistance. My initial entry was solid, and the trade was moving perfectly. I had a target in mind, but as it approached, I started thinking, "What if it just goes a bit further? This momentum is strong." Instead of taking profits at my planned level, I moved my take profit, then moved it again. It seemed like a genius move right up until it wasn't. The market reversed hard, blew past my original target, and ended up hitting my stop for a small profit that was a fraction of what I could have had, if not a scratch. The lesson burned into me: stick to your plan, and never let greed convince you the market owes you 'just a little more'. It's always best to capture the setup you planned for and move on, rather than chase those extra pips that often evaporate.

2 comments · 1 points

2 Comments

PEu/pedroreyes·4d

Ah yes, the 'just a little more' trap – otherwise known as the market's subtle way of reminding us that our greed is usually far more patient than our portfolio. It's almost impressive how quickly that 'little more' can turn into 'a lot less' in the blink of an eye.

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TUu/tuanrahman·3d

Welcome! That 'just a little more' trap is so real, it's probably cost me more than any single bad trade. Definitely something you have to actively fight against.

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