DislikedLesson learned. I was greedy. Before it started going down I was holding three positions with +3700, +3500 and +1000 pips. And my stops were to get +2200, +2000 and -1000 pips. But, I was greedy, and lost all profit, and lost even more because moving stops. but, that kind of lessons stays in mind for longer period than one I read about. There is a sentance saying that smart people learning from other people mistakes, and fools learning from their own. I think I'm in second group. But hopefully, I believe I can switch to first group before...Ignored
Not speaking for everyone but from personal experience I am guilty of thinking things like "I'll just break [insert rule] this once to quickly make back that loss or make a quick $x, it'll be OK it won't happen to me "
Always does. I'm still breaking rules but working hard on developing the discipline not to. It's damn hard but repeated affirmation and reprogramming of my belief system I'm hoping will slay the demons over time.
I invested a few hundred $ in Van Tharpe's Peak performance course for exactly this reason.
Anything can happen.