Yesterday, I lost some profit potential because I didn't follow my rules for my strategy I just set my profit limit a bit earlier which I shouldn't have. The 3 pairs Eur/usd, usd/chf, and gbp/usd trended much farther than I anticipated and if I followed my rules then I would've made alot more profit.
Yesterday, I lost some profit potential because I didn't follow my rules for my strategy I just set my profit limit a bit earlier which I shouldn't have. The 3 pairs Eur/usd, usd/chf, and gbp/usd trended much farther than I anticipated and if I followed my rules then I would've made alot more profit.
Has anybody did this before?
I do the same a lot and I am constantly trying to achieve better results from a trend. I do not always succed but mostly I am happy if I can get around 60% of the pips on offer.
I think itd be far worse to see a loss run alot further than you expected personally. In my mind I dont ever expect to get 100% of any gain. Its like my father said when talking to me about the stock markets "Only 1 person buys at the bottom and only one person sells at the top" I am fairly countent to make any money since losing it is far easier to do, not to mention that theres always another day to trade and be better at it
I dont have issues with taking a profit that is not the total pips in a trend, for the event that you described, i had an issue of having an expectation and not going long with the market thus missing out altogether....
Licensed Brokers
Linear Mode
