Unable to cut losses, causing huge damage! A story where gains of 640,000 yen vanished
Trade Reflection on 2025/12/12 (honestly, it was quite tough)
The recent USD/JPY trade,
to put it simply, I took a sizable hit.
I entered with discretion,
and the profits I had accumulated this month disappeared quite a bit,
to be honest, I’m incredibly discouraged…
If only it had been the other way around, it would have been a huge win!! lol
However, I thought just ending with emotion would be wrong, so
I’ll write a reflection for myself.
① Entry was half-hearted
When viewed on the 1-hour chart,
it wasn’t in the middle of a trend, nor reaching a pullback completion, but rather in a very half-hearted position.
“This is a moment to wait…”
I had that feeling somewhere,
but I prioritized the assumption that it would stop at a Fibonacci level.
It was completely biased.
② Believed too much in Fibonacci
Around 38.2% and 50%,
I thought, “It will stop here!”
That was a major point of reflection.
Fibonacci is a guideline that indicates “it may stop,”
but if it doesn’t stop, it just breaks through normally.
I understood that in my head, but in actual trading I interpreted it conveniently.
③ Bug notification + trading on the go was a complete mistake
A bug notice for the signal (the notification comes but the signal didn’t appear)
I didn’t properly check the chart
Entered while away from home
Couldn’t re-enter later
That is a flow I must never repeat.
Even if I had entered with other buy signals, I think I would have lost,
so my market recognition in general was wrong to begin with.
④ I hadn’t set a stop loss
I did think,
“If I break Fibonacci, it could be bad…”
but
I hadn’t clearly decided where to cut losses.
As a result,
I held on and widened the loss, the worst possible outcome.
⑤ I raised the lot size too much
During a job change,
private life was chaotic.
The feeling of “I have to make money” came out too strong,
and increasing the lot size was a complete cause of defeat.
I lacked calmness.
Future rules (this is important)
Based on this reflection,
I will thoroughly implement the following for discretionary trading.
Always check the chart on a PC for signals
Never enter while away from home
If I’m unsure about market recognition after coming home, don’t touch it
On the 1-hour chart, always consider whether the long-term SMA is above or below
Decide in advance to limit stop loss to a maximum of 20 pips
Lot size should be within a range that doesn’t affect my mental state
Honestly,
I’ll refrain from discretionary real-money trading for a while,
and plan to operate mainly with EAs.
Discretion isn’t about escaping;
I’ve realized it’s also important to distance myself before things break.
If there are others going through similar trading difficulties,
I’d be glad if you could think, “Days like this exist too.”
I’m also open to advice from professionals! lol
Addendum: about mental collapse and what helped (things that saved me)
By the way, the moment I hit the stop loss,
my mental state was so strained that I woke my partner in the middle of the night.
Being 30-something,
being woken by a woman crying because I lost in FX—what a hellish scene?
“Well, that’s just how FX is, you know,”
“There’s some gambling in it too,
it’s fine if the profits disappeared.”
she calmly soothed me, which was incredibly reassuring.
That one line,
“You’re not going to die from this,”
made me feel all the tension melt away in an instant.
I’m reminded again that
having a partner who accepts me in this state is precious, and I must treasure them (love brag?).
Trading is important, but there are things more important in life than the market.
That was the night I truly felt it.