My biggest mistake was too greedy that made a trade which was earning $2000+ into a -$500 trade (no effective take profit point)
3 Mistakes you make over and over again... 23 replies
Do You Make Any of These 7 Trading Mistakes? 25 replies
Crazy broker spreads during NFP 5 replies
Trading Psychology: Mistakes in a Trading Environment 32 replies
DislikedMy biggest mistake was not being able to stay away from the markets when I had major psychological/emotional issues due to post-traumatic stress. Instead of seeking therapy, I decided to trade. Obviously I ended ramping up the trade frequency and size in order to get a powerful high, and obviously it was always a matter of time before blowing the account(s). It was like a crack cocaine producing powerful highs and then being crushed. The end result was not only financial damage but also further psychological damage. Now my psychological integrity...Ignored
Disliked{quote} Glad you are learning about the forex market and how to trade forex properly but if I may say something here, I think you should focus on getting treatment on your post-traumatic stress issue as well as physiotherapy for your physical injuries first before starting to trade. Trading takes everything that one's got and it would be very difficult to trade profitably when one has to deal with physical injury and psychological issues at the same time. Just my personal opinion. Hope everything works out for you and god speed!Ignored
Disliked{quote}Trading takes everything that one's got and it would be very difficult to trade profitably when one has to deal with physical injury and psychological issues at the same time. Just my personal opinion.Ignored
DislikedI was trading US news, know where trend is going, but enter wrong side, lost huge amount fast, closed as lost. the 2nd one is knowing your system, but still enter wrong side of trade.(this is very bad). the 3rd is hold a trade even you know the trend is reverse already, and you hope it go back. (as if accept loss, and enter the reverse, not just cover the loss, and turned into profit) the 4th not a mistake but most of trader have it you know what your system is, but just did not spend enough time to do trade. (because my time zone is PST which is...Ignored