This Week's Question: What's your most embarrassing trade and why?

We’ve all made trades that we’re not exactly proud of.

A simple mistake like misreading the charts, ignoring a plan, taking a big loss, hitting the wrong button, or holding onto hope while the market moves against you are mistakes that can leave a lasting impression. These moments often leave us thinking, “I can’t believe I did that.”

What’s the most embarrassing trade you’ve ever made? What happened, and what lesson did you take away from it?

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They’re all embarrassing, but the worst one was my biggest loss.

I’ve told this story before…

I had a trade that I was so certain about the direction. And this was at the beginning of my trading journey when I was trading live.

The closer price got to my SL, the more I added to my position.

Eventually price went in the opposite direction I expected, blew past my stop, and I lost about 20% of my account.

I learned that I really needed to think about how I was trading. I learned a hard lesson about risk management.

Actually, an even more embarrassing story is my first strategy.

At the very beginning, I was trading on my phone. I started trading live because a friend told me I needed to get in the market while the market was recovering from COVID.

I had no idea what I was doing. I would place a trade on my phone, go to sleep and close the position when I woke up. I called that strategy “the sleeper”. Haha

It worked a few times. Of course, until it didn’t. It made me think trading was easy.

I learned not to take investment advice from anyone. If I don’t wanna invest yet, or I think something isn’t good for me, I should only listen to myself.

I also learned that trading isn’t easy.

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I can’t even count how many times I’ve done this :sob:

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Oh, how bad! Never rely on someone else’s advice for trades.

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Oh boy, if I had to pick an embarrassing trade… it would probably be the time I tried to catch a “pump” on a meme coin without doing enough research. I got all hyped up, thinking I’d be the next crypto genius, and then poof it tanked faster than you can say HODL.

I was feeling cocky, thinking I’d nailed this GBP/JPY setup. No confirmation, no stop loss — just vibes and caffeine. The second I hit “buy,” the market tanked like it had a personal grudge against me. I just sat there, watching my balance evaporate, still hoping it’d bounce back. Spoiler: it didn’t.

I once traded the wrong pair, I’d been looking at EURUSD and decided on entry timing, SL, TP etc and then traded AUDUSD :smiley:

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At least they both have the same quote currency and it’s the USD! So - less likely to be disastrous than if you’d traded USD/CHF or USD/JPY by mistake? :laughing:

uh-oh sounded a bit snide to me i dont know missy.

Been there! :slight_smile: