Painful Lessons-a discussion

Chasing the last few cents to a round number is a killer!
“its only a pip how hard can it be!!!”

When taking a big psychological hit, its very necessary to sit out and decongest, even if you dont think you need it yourself. Thanks to all the people that made me take a break :slight_smile:

Yes. This mistake, above all others, has single handedly cost me the most…more than all the rest, both in terms of time AND money.

If I hadn’t gotten lucky and heard the right message on the right day and decided then and there to just STOP TRADING for a solid 6 weeks, I was on my way to losing about 100K when all would have been said and done.

I haven’t made it this mistake in quite a while, and have rules now to prevent me from doing such again at least to anything that would really hurt me. but man, lets just say one COULD lose everything, regardless of what they have, if this is not kept in check.

Most dangerous thing of all IMO to a experienced trader.

Jay

P.S. Where’s my $1 man! :slight_smile: