@justin5567 on EURUSD | PriceONN Community

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justin5567 PRO newbie
EURUSD Mar 12
One thing I learned this week is to always stick to my stop-loss. I had a EURUSD trade go against me, and I kept moving my stop further down hoping it would turn around. Ended up taking a much bigger loss than I originally planned. Discipline is key in this game. Next time I'm sticking to the plan no matter what.
EURUSD

Replies (1)

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danieladams PRO newbie Mar 13
@justin5567, I completely agree with you about sticking to your stop-loss. It's tough sometimes, especially when you think it's just about to turn around, but moving your stop is a slippery slope. I've been there myself, and it never ends well. Discipline is definitely key, and having a solid plan before you even enter the trade is crucial. Risk management is something i'm still trying to master. Also i read some news about the bank of england preview, could affect the euro too.. gotta watch out
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