Top Trading Mistakes | DailyFX: "“If only price comes back to my entry, I’ll close the position out and never do this again!”
This drive to win on each individual trade keeps us in positions that we probably shouldn’t be staying in. It gets traders to hold on to losing positions for far too long simply for the hope of, eventually, being right.
These trades are emotionally devastating, costly, and very counter-productive. And just one or two blow-ups can absolutely crush a trader’s profit line."
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