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28
Worst trade of April: Was waiting for a bottom reversal, but it never came
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Here is the trade:
Mistakes:
- Had the trade open during the FOMC talk at 11 am
- I usually have an automatic stop at 20%, but in this particular trade, I kept scaling up and up, waiting for a bounce. I violated all my rules
- Lost 30% of my small account lol
Lessons:
- April was going so well. SO WELL. I had cut down my position size after heavy losses last few months and I was more or less making more or less 2% gains every day. Until a trade like this happened
- I simply failed to stick with my rules. I'm a failure 🤡
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- 2 years ago
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