Got two trade updates. One of which I’m definitely not proud of.
I thought my days of losing a good chunk of my account was over (this one was about 2.5%) but it happened again thanks to NOT SETTING STOP LOSSES. I literally could have only lost $2 if only I had put a stop loss in.
I’ve reflected and thought about why I didn’t set a stop loss for this particular trade. And it’s not because I was afraid of losing money or greed or whatever… it was sheer LAZINESS. It was me putting a trade on, being too confident that it’ll move the way I’m expecting it to and being too lazy to put in a stop loss. Absolutely zero excuses for still doing this especially since I’ve been at this for a while now.
How do I ensure I won’t do this again? I can’t but I really need to try harder.
P.S. Account is back up to $408 thanks to the winning AUD/USD trade.