One thought on “It’s not always rainbows and sunshines.”
This is a screen shot I always keep as a reminder of what to never do again. This was back in 2017, and I ended up blowing my account.
Prior to this trade I was actually up a decent amount.. but I refused to take a loss. If you notice I kept adding to my losing trade instead of cutting my losses short. Not only did I continue adding but I also increased my lot size. I kept thinking it will come back.. it will come back.. well it never did.
It’s so important that as traders we manage are losses appropriately. I have this printed out on my wall so I never forget that inexperienced me 3-4 years ago.
This is a screen shot I always keep as a reminder of what to never do again. This was back in 2017, and I ended up blowing my account.
Prior to this trade I was actually up a decent amount.. but I refused to take a loss. If you notice I kept adding to my losing trade instead of cutting my losses short. Not only did I continue adding but I also increased my lot size. I kept thinking it will come back.. it will come back.. well it never did.
It’s so important that as traders we manage are losses appropriately. I have this printed out on my wall so I never forget that inexperienced me 3-4 years ago.