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Wrong Trade: Wrong Place / Wrong Time

  • #1
  • First Post: Edited May 29, 2016 7:50pm May 28, 2016 9:18pm | Edited May 29, 2016 7:50pm
Wrong Trade: Wrong Place / Wrong Time

Thought it might be a good idea to post trades entered at the wrong place, wrong time and post the lesson to be learned.
We all have done this.
Here is my latest

Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 33 KB


Entry reason: thought it would go back up.
Lesson learned: do not enter trades when not fully awake and ahead of news.

Thread rules:

Each post much contain a chart showing the entry.
Post the reason for entry.
Post the lesson learned.
Be nice to fellow traders.
No need to make comments about other's trades.
Let this be a place where a trader can share their mistake freely without fear of mean spirited comments.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2
  • May 28, 2016 9:20pm May 28, 2016 9:20pm
Good idea mate - we all see the "went well" trades, but it's good to see some that didn't go so well. I'll try posting a few of my doozies!
  • #3
  • May 28, 2016 9:24pm May 28, 2016 9:24pm
Here's one I took - eurusd long - I have absolutely not idea why I took this - drunk, half asleep, goodness knows. Needless to say, I live and learn! As you can see I bought at a resistance area - doh!
Attached Image (click to enlarge)
Click to Enlarge Name: stupid eurusd long.PNG Size: 79 KB
  • #4
  • May 29, 2016 4:54pm May 29, 2016 4:54pm
Quoting pharley
Here's one I took - eurusd long - I have absolutely not idea why I took this - drunk, half asleep, goodness knows. Needless to say, I live and learn! As you can see I bought at a resistance area - doh! {image}
may i ask you why do you set the SL there where it is?
(.)(.) think first ...
  • #5
  • May 29, 2016 7:14pm May 29, 2016 7:14pm
Quoting maximumguita
{quote} may i ask you why do you set the SL there where it is?
Oh,no idea mate. Probably at the last lower level. I remember not long after placing that one I looked at it again and thought - what did I do?? In my defence (weak though it is!), I'd not long before got off a flight. Perhaps my brain was zonked out !
Cheer
Pharley
  • #6
  • May 30, 2016 6:17am May 30, 2016 6:17am
TS, you have started a good thread. This will help all of us to be mindful of how we trade and learn from mistakes made regarding where and when we enter trades. Timing and placing are critical to our success as traders.

KP
Do your homework, follow the footprints of smart money
  • #7
  • May 30, 2016 8:03am May 30, 2016 8:03am
Quoting KeenPips
TS, you have started a good thread. This will help all of us to be mindful of how we trade and learn from mistakes made regarding where and when we enter trades. Timing and placing are critical to our success as traders. KP
(.)(.) think first ...
  • #8
  • Aug 26, 2016 11:55pm Aug 26, 2016 11:55pm
Looks like most are in the right place at the right time.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9
  • Sep 20, 2016 8:56pm Sep 20, 2016 8:56pm
Quoting TooSlow
Wrong Trade: Wrong Place / Wrong Time Thought it might be a good idea to post trades entered at the wrong place, wrong time and post the lesson to be learned. We all have done this. Here is my latest {image} Entry reason: thought it would go back up. Lesson learned: do not enter trades when not fully awake and ahead of news. Thread rules: Each post much contain a chart showing the entry. Post the reason for entry. Post the lesson learned. Be nice to fellow traders. No need to make comments about other's trades. Let this be a place where...
1)Why did you take the trade? 2)Why did you place stop lost at 118 instead of few pips under the 100% Fib level of Up Trend. It looks like a 718 retracement entry of Previous High low of H1 Up Trend that quicky reverse, and Fail to take out high in Up Trend Insights will be highly appreciated
  • #10
  • Sep 21, 2016 12:04am Sep 21, 2016 12:04am
Quoting rainsome
{quote} 1)Why did you take the trade? 2)Why did you place stop lost at 118 instead of few pips under the 100% Fib level of Up Trend. It looks like a 718 retracement entry of Previous High low of H1 Up Trend that quicky reverse, and Fail to take out high in Up Trend Insights will be highly appreciated
Been too long.
Do not remember.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #11
  • Sep 21, 2016 2:34pm Sep 21, 2016 2:34pm
Quoting TooSlow
{quote} Been too long. Do not remember.
Trading Fibonacci is very hard its too subjective sometimes it works other times it don't that trading
  • #12
  • Dec 2, 2016 4:51am Dec 2, 2016 4:51am
Everyone must be trading well.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #13
  • Jan 11, 2025 9:55am Jan 11, 2025 9:55am
Are traders too proud to share their foibles?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #14
  • Jan 20, 2025 4:45pm Jan 20, 2025 4:45pm
Great thread idea! We all make mistakes, and sharing them is a good way to learn. Timing and entry placement are crucial, and it's important to stay alert and prepared before trading. Thanks for starting this — let’s keep it a positive space for learning and growth!
  • #15
  • Jan 21, 2025 4:05am Jan 21, 2025 4:05am
Hi ToSlow
great thread.
I have always been an admirer of the two threads you have on FF, helped along by the explanations of Michael G, and the great Lemercenaire who sadly is no longer with us.
I did try and take Your 10 trade challenge a few years ago, but failed to complete it, because of being bogged down with other stuff, poor concentration, and the lack of following the rules.
Now that I am retired I am hoping to take it again in the near future.
To any one else who is trying to learn how to trade while working, raising a family, etc. Dont give up if this was easy to do, everyone would be doing it.
Kind regards
Kev
  • #16
  • Jan 21, 2025 1:56pm Jan 21, 2025 1:56pm
Thanks, Kev! I appreciate the support. I totally get how challenging it can be to balance everything, but it’s great that you’re planning to give the 10-trade challenge another shot now that you have more time. Consistency and sticking to the rules are key. Best of luck with your trading journey!
  • #17
  • Last Post: Jan 21, 2025 3:27pm Jan 21, 2025 3:27pm
Quoting Noah.Wlms
Thanks, Kev! I appreciate the support. I totally get how challenging it can be to balance everything, but it’s great that you’re planning to give the 10-trade challenge another shot now that you have more time. Consistency and sticking to the rules are key. Best of luck with your trading journey!
Thanks Noah
And all the best with your journey as well
Kind regards
Kev
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