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dekorai · 22-09-2004, 12:18

Thanks for the feedback. I broke a cardinal rule of removing my stop loss, and am paying the price. I expected a strong dollar going into the end of last week when I took the position, and was obviously wrong.

I reduced my leverage to 1:1 and increased my stop loss limit. Because I felt my stop loss limit was larger, it lulled me into a false sense of 'its going to come my way eventually'. Wrong!

Experiences make us wiser provided we learn from mistakes, which I definitely will this time. So till I exit this position, I will live in hope that the Euro drops a bit. And then take a breather for a few days and reassess why I erred.

My apologies to everyone for being off-topic on this thread!

22-09-2004, 12:18	#488 (permalink)
dekorai level 1 Join Date: Mar 2004 Posts: 58 Rep Power: 0	Thanks for the feedback. I broke a cardinal rule of removing my stop loss, and am paying the price. I expected a strong dollar going into the end of last week when I took the position, and was obviously wrong. I reduced my leverage to 1:1 and increased my stop loss limit. Because I felt my stop loss limit was larger, it lulled me into a false sense of 'its going to come my way eventually'. Wrong! Experiences make us wiser provided we learn from mistakes, which I definitely will this time. So till I exit this position, I will live in hope that the Euro drops a bit. And then take a breather for a few days and reassess why I erred. My apologies to everyone for being off-topic on this thread!