Today’s trading story

Hi traders.
I have a silly story of what happened to my trade today. I was searching all day for a proper trade setup. Finally something comes up. I prepared my stop order and stop loss. I even drew a line for my take profit. Thing is… I never did enter my take profit order. Trade unfolds and goes exactly to the take profit price only to reverse completely and hit my stop loss! And it took me a few minutes to realise why my take profit didn’t work.

Anyone else have a similar story?

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OMG I would have been upset. :sweat_smile: HAHA I feel you! I’ve been through something similar. :sweat_smile: But it’s the SL that I sometimes forget to input.

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Manifesting more tips to come your way though! :smiley:

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Yes I was mad and bitter. I have made it a rule to enter stop loss together with a stop order.

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Understandable. :sweat_smile: I would be too. Lol. If you don’t mind, does your strategy also include rules on setting your TP and SL? :smiley:

Yes indeed. Stop loss under previous peak when going long. Take profit is a measured move.

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