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My Emotions and Ego destroyed my Forex account

imclosetogiveup, Sun Sep 26, 2021 6:03 am

Hi Friends..'m new here. This happened to me on Friday. Little bit recap about my Forex trading. I opened the account with 700 dollars 3 months ago and I made 1200 dollars. I sell GBPJPY one lot on Thursday. I was down 200 dollars in less than 5 minutes. And then 300 to 700 dollars down by Friday morning. But I didn't sell. By Friday afternoon when I checked MT4 on my phone again. My position auto sold with 1700 dollars in loss. Lesson here is Never bring emotions and Ego in Trading. I will try again on Monday. I just wanna tell someone to get it off of my chest. It's bothering me too much. Not the money but the feeling that why I didn't close the position when I was just 200 dollars down. Thank-you guys.
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