DislikedI've been trading for about 6 months, now. My first two weeks were fantastic. I had a plan, I was hitting targets and I was getting pretty comfortable - almost cocky. Then, with one trade, I pretty much liquidated my account. It was a day just like your's... I had hit my "quota", locked in a profit for the day and should have stopped. But nooooooo... just a few more pips...
I've since redeemed my account, broken even and even gotten back in the green again, but when I go back and look at those times that I've lost money in this market - 95% of those trades have been on days where I had locked in profit and went for just "a little more".
In my list of trading rules, rules #1, #3 and #9 are "Don't be greedy." Amazing how breaking those rules really does hurt...Ignored
Maarten