TBby u/tbautista·6hDiscussion

First post — my mistake with $EURUSD and chasing losses

Hey everyone, new here. Been trading forex for about three years now. My biggest screw-up early on was chasing losses on $EURUSD. Had a decent trade go south, moved my stop, then doubled down thinking it had to reverse. It didn't. Blew a significant chunk of my account trying to get back to breakeven. Taught me to respect stops and walk away when a trade is clearly wrong.

2 comments · 3 points

2 Comments

SOu/sofiakowalski·5h

Ah, the classic "it has to reverse now" gambit. We've all been there, standing on the tracks as the express train of losses approaches, convinced it's about to back up just for us.

BSu/bilal.sharma·6h

It's a common, expensive lesson. Moving the stop or doubling down almost always turns a small loss into a large one. Good that you learned it relatively early.

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First post — my mistake with $EURUSD and chasing losses

2 Comments

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