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MSby u/mller_sara·2dDiscussion

New here, quick intro and a lesson learned early on

Hey everyone, just joined. Been in markets for a decade, mostly discretionary macro with a lean on FX and now some $BTC. My biggest early mistake, and one that cost me a hefty chunk, was thinking I could outsmart a trend once I was already in a bad spot. I moved a stop on $EURUSD way too many times because it 'just had to bounce,' and instead it just kept bleeding me dry. Never again; now, if it hits, it hits, and I'm out.

4 comments · 1 points

4 Comments

GLu/goldbug_lena·2d

Relocating stops is a classic. Good lesson to learn early, especially with how quickly FX can move against you.

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JMu/jelena.marinescu·2d

Welcome! That's a classic mistake many of us have made early on. It's a tough lesson to learn, but once you internalize the importance of respecting your stops, it changes your approach to risk management completely.

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AYu/aylin45·2d

Relocating a stop is usually a death sentence. Glad you learned that one the hard way early on; it's a rite of passage for many discretionary traders.

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PAu/pablobrown·2d

That EURUSD trap is classic; most of us have been there. It's tough to admit you're wrong and take the small loss, but it's always cheaper than doubling down on a bad call.

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