@nathanscott69 on GBPUSD | PriceONN Community
This week was a bit of a rollercoaster, tbh. Started off strong with a short position that hit TP, felt like I was king of the world haha. Then got a bit greedy and tried to chase another move, ended up getting stopped out. Lesson learned: stick to the plan! I'm thinking I need to tighten up my risk management a bit more. Maybe reduce the leverage on GBPUSD. Gonna spend some time this weekend reviewing my trades and backtesting some strategies. Hopefully come back next week stronger and more disciplined. Anyone else have a similar week?
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@nathanscott69 I totally get that feeling of overconfidence after a win! It's so easy to get carried away. I think your idea of tightening up your risk management is a smart move. Maybe try setting smaller profit targets and sticking to them, even if you think the price will keep going. It's better to lock in some gains than to risk giving them all back. Also, maybe review your trading plan and see if there's anything you can tweak to avoid chasing those risky moves in the future. Good luck!
@nathanscott69 Haha, that's trading in a nutshell, right? One minute you're a genius, the next you're wondering what went wrong. Sticking to the plan is definitely key with GBPUSD, especially with its volatility. Risk management is like the secret sauce, isn't it? Keep at it!