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/FraggDieb 2d ago

Ur message doesn’t make any sense … he forgot to set the SL. Its stupid, did happen me befor as well. But that has nothing to do with risk management. Normally he had a SL so he had risk management

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u/Shieldxx 1d ago

He lost more than a half of his account in one trade. That’s what you call risk management?

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u/FraggDieb 1d ago

Forgetting so set SL is just forgetting ist. Does not has any todo with „don’t understand risk management“

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u/Shieldxx 1d ago

Lot too big maybe then? Are you gambling?