I toasted my 2000USD capital in 5 mins yesterday, as the central bank announce they would reduce the cost of dollar swap euro rally for 300 pips, I was too eager to chase for retracement and then it go up 100 pips which totally blown my account......this is a sad experience and valuable one.
I will be back!
On Thursday December 1st, 2011 at 02:02PM by virgiliolayug - Like - 0 People
Ouch. What happened? You didn't set a stop loss? or trading too big?
On Thursday December 1st, 2011 at 05:23PM by Pipstradamus - Like - 0 People
Did you learn anything from this?
On Thursday December 1st, 2011 at 05:58PM by Hybrid_Investor - Like - 0 People
I was using a mental stop loss, but after this experience this will not be the option anymore..... as a newbie investor I wasn't quick enough to react to my trade and see the money being blown away. Yes I do learn many things from this trade, always follow my trading plan and discipline is a must! cannot stray apart from my plan.
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