@freya2168 on GBPUSD | PriceONN Community
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Honestly, my biggest trading mistake is not respecting my own stop losses when I'm feeling a bit too confident. You know, when you've nailed a few trades in a row and think you're a genius? Then you get a bit cocky, move your stop back 'just a little bit', and BAM, you're suddenly holding a bag. Happened last week with a small tech stock; thought I saw a bottom forming around $50, set my SL at $48, and then it tanked to $40. I convinced myself it would bounce back before hitting my stop, moved it to $45, and got wiped out. Classic overconfidence leading to a rekt situation. Need to stick to the plan, no matter how good the setup looks.
Replies
Hey @freya2168, couldn't agree more. That overconfidence trap is brutal. I've been burned by moving stops way too often. Lesson learned the hard way – trust the initial plan, especially when you've got leverage on.
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Yeah @freya2168, I totally get that. That moment of confidence before you mess up your stop loss is so dangerous. I've definitely been there, thinking I'm a genius and then just giving profits back.