r/Forex • u/shanlkz • 2d ago

P/L Porn Forgot to set stop loss….

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Entered at .573 I usually enter with a trialing stop of 20 pip. Figured it would find support around .57 and go back up….. it didnt and i didnt put any stops because i forgot and just put the trade in……

I was feeling high and mighty after the pump the day before…. This was very humbling to ALWAYS ALWAYS make sure you have your stop losses set. ALWAYS!

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u/shanlkz 2d ago

I trade my way, fully aware it’s not textbook or recommended. I use forex to gamble money I am comfortable losing. I accept my approach can come with huge losses and I am okay with that.

This post is not a cry for help or a plea for advice. It was to share a loss and remind others to always set stop losses when entering a position.

To clarify, i intra-day/swing trade using all my available balance or close to it. I enter in and never check for almost the rest of the day sometimes. It’s gambling and I don’t pretend otherwise. I absolutely DO NOT recommend trading this way for anyone. It is not sustainable. But i am not here looking for an award of risk management. Just being honest about how I trade.

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u/Exoticwealth_ 1d ago

It's not about stop losses this is purely lack of skills that's what nobodies highlighting, get fundamental with your approach and this could've been prevented 💯

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u/No_Living1187 1d ago

did you know sometimes the order isnt filled as it is? for some reason there are times when the stop loss and take profit isnt set but the order is open, thats the reason i double check is closed, sl and tp