Why do you lose at "just a little more"? 【FX Profit-taking and Stop-Loss Pitfalls】

I didn’t reach just one more pip.

The profit disappeared.

There is unrealized profit

↓

I think it will go a little further

↓

I don’t take profits

↓

It is pulled back

How many times did this happen?

Unrealized profit grew up to 50 pips.

But I didn’t take profits.

“It can still go further.”

“It will rise from here.”

Thinking that, I held on.

Before I knew it—

I had broken below the entry price.

This isn’t a problem with the entry.

It isn’t that the profits were slow to be realized.

It isn’t that the stop loss was too loose.

There is only one problem.

Not deciding how it ends.

Trading is,

Not about “where you enter.”

It’s decided by where you end.

A trade that doesn’t decide its ending,

will inevitably drift.

Lengthening profits

Delaying the stop loss

Losing the discipline to follow the rules

All of this happens because the ending is vague.

So, if you want to win

there is only one thing to do.

Decide how it ends in advance.

Profit-taking and stop-loss

“are not things to be considered afterward.”

Before you enter, they should already be decided.

Unless you can do that,

you will repeat the same losses again and again.

The true nature of this “just a little more”

is not a skill.

It’s a structural problem.

Is this article summarizing it?