Crazy/Stupid mistakes you committed during trading
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Thread: Crazy/Stupid mistakes you committed during trading

  1. #1
    Any traders here guilty of mistakes when you trade forex? Lets discuss it here and don't be ashamed about it

    Let begin with me :

    - Long once I suppose to be around short!
    - Placing limit order in the incorrect price! (Really early in the morning and was up from bed Only a few minutes earlier)
    - sinking into incorrect currency pair (Shorting EUR/USD when I'm suppose to short EUR/CHF)

  2. #2
    Overtrading- trading 15-20 transactions a day; Reversing from a brief position into a long position (and the opposite); Not placing a stop loss order, and if I do, I usually remove it before the currency get it.

  3. #3
    I believe that THE biggest mistake you can make is....wait for This....LOSE MONEY

    Happy trading
    @

  4. #4
    Used same motive for distinct trade -- the next day
    held onto trade after trade's motive expired

    thought ' one more turn' in a station
    news jumped price one way, got captured; then other way, dismissed it

    shorted the lowest
    bought the top
    tried to find price moving repeatedly, when it's narrow and backward

    exited a large run early
    held onto a little loss

    lost half then obtained twice then lost two-thirds, in five minutes
    felt incorrect, looked straight, lost

  5. #5
    1
    Guest
    Quote Originally Posted by ;
    I believe that THE biggest mistake you can make is....wait because of it....LOSE MONEY

    Joyful trading
    @materyb
    I hope that's a joke, as that's part of the sport not a error.

  6. #6
    I've ignored 5 of my entire life account... and the mistakes is. . I dont know what I am doing.... Sometimes u may assumes that your trading egies is good but its not... my 1st account dismissed by utilizing EA's....2nd account dismissed by utilizing someone else trading system... 3rd, 4th and 5th account dismissed because I really dont know what / how / why that create the market move. .
    Today im live with my 6th account... I've no job. . Really I quit my job to become full time traders.... And I've learn the hard way... really hard way to become what Im now... well, im just a guy who fight a loosing battle one after another...

  7. #7
    A position over the weekend and visiting the mother of all gaps sunday night

    oh and also the worst part viewing the news and knowing that your in the shit with no hands

  8. #8
    1) Since every place I took went another way.... I seriously believed my broker was out to get me....so I started to take opposing transactions to my egy. . Lost those also.

    2) Started flipping a coin to determine entry (to many beers and a crummy couple of days)

    3.) After loosing a couple of transactions in a row, I decided to raise the lot size dramatically to win it all back.... Buddy of mine pointed out I did so with the exact same loosing methodology that cause the first chain of losses.

    4) Borrowed cash to finance a large account to trade, BEFORE being successful in trading demo/micro

    5.) Thinking that cause aforexforum.co.zamember has 10 coupons supposed he was a fantastic trader

    6.) Putting trades based on the analysis from guys on the EURUSD thread.

    However, the dumbest was:-

    7) Paying for a few of the $97.00 EA's/Forex Strategy

  9. #9
    Quote Originally Posted by ;
    I've blown 5 of my entire life account... and the mistakes is. . I actually dont know what I am doing.... Sometimes u may assumes your trading systems is good but its not... my 1st account dismissed by utilizing EA's....2nd account dismissed by utilizing someone else trading system... 3rd, 4th and 5th account dismissed since I really dont know what / how / why make the market move. .
    Now im live with my 6th account... I've no job. . Really I quit my job to become whole time traders.... And I've learn the hard way... really challenging way to become what Im now... well,...
    crawl back into your project... research Foreign Exchange component time. TRADING LIVE .

    Demo commerce till you can do so profitably. Don't trade on credit or loan only use risk capital.

    Seriously STOP NOW.

  10. #10
    Biggest mistake, is more leverage.

    Not just does it f*ck with your mind
    it f*cks with your ability to do anything but observe and pull on the plug,

    over-leverage is a bad mistake

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