Mr.fxtrader: Everyone who cannot cut losses or take profits, assemble.
First, I couldn’t do it in the past either.
No, I always thought, “I don’t want to cut losses, I want to take profits early.”
If I see a profit right after entering, I think, “Alright! Take profit!”
If it turns into a loss, I think, “If I wait a little longer, it should come back…”.
→ It doesn’t come back, big loss.
→ Still, I don’t learn, I repeat the same thing.
This is all “human instinct.”
・I want to lock in profits quickly (desire)
・I don’t want to lock in losses (fear)
But you know, in FX, this “humanity” is completely counterproductive.
So, if you want to win, you have to “discard humanity.”
Now, what should you do?
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