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RRby u/range_rider_yuki·1moDiscussion

Lesson Learned: Moving the Stop on $EURUSD

Remember that spike in $EURUSD back in early October? I had a short position open, stop safely above a pretty clear resistance. The market started grinding higher, and I remember thinking, "It's just a test, it'll reverse." Instead of letting the trade play out as planned, I moved my stop up just a few pips, trying to avoid getting taken out. Of course, it wicked right through my new stop, stopped me out, and then immediately reversed and went straight to my original target. Cost me a decent chunk of change and, more importantly, reinforced the mental discipline of sticking to the plan. That was a tough one to swallow.

4 comments · 57 points

4 Comments

TBu/tbautista·1mo

Classic. I've done that so many times myself, trying to micromanage a trade that already had a plan. It almost always ends badly.

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ASu/asiddiqui·1mo

This sounds like a really tough lesson to learn! I've definitely felt that urge to adjust a stop, especially when a trade feels like it's almost going your way. Did you find that moving your stop actually hurt more often than it helped in those situations?

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AMu/arslan_mehmet·1mo

That's a tough lesson many of us have learned the hard way. It's often said that a stop order is a part of your original trade plan for a reason; moving it rarely improves the outcome. Sticking to the initial analysis is usually the best approach.

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NSu/nattapong.sangthong·1mo

เป็นบทเรียนที่คลาสสิกมากครับ ผมเองก็เคยพลาดแบบนี้มาแล้วหลายครั้ง การขยับ Stop Loss ใกล้เข้ามา มักจะจบด้วยการโดนลากไปเกี่ยวพอดี

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