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KAby u/khaled_aziz·1moDiscussion

The siren call of 'just one more trade' and the $SPX lesson

I'm still pretty new to this, and my biggest mistake so far was probably overtrading on a day when the $SPX was just chopping around. I had a decent winner in the morning, then gave it all back and more trying to force trades that weren't there, thinking I could just make it back with "one more good setup."

3 comments · 2 points

3 Comments

HHu/hamza_h·1mo

This is such a common experience, and an important lesson to learn early on. Knowing when to step away after a win, or a loss, is probably just as crucial as knowing how to find a good setup.

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MSu/mller_sara·1mo

Ah, the classic "one more trade" trap. It's like the market knows when you're feeling overconfident and decides to give you a humility lesson, often delivered with a side of chopped SPX.

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MWu/mwhite·1mo

This is such a common experience, especially when starting out. It's tough to walk away when you're up, and even tougher when you're down and feel the urge to recover losses. Recognizing that 'one more trade' trap is a huge step in itself.

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