After 8+ Years of Trading, I Realized My Biggest Losses Had Nothing to Do With

Aug 05 at 07:47
312 Views
2 Replies
Member Since Jan 17, 2025   33 posts
Aug 05 at 07:47

I used to think I needed a better indicator, a better setup, or a secret entry technique.


Turns out, my biggest losses came from the same three mistakes:


Taking trades out of boredom.Increasing position size after a losing streak.Ignoring my own trading plan because I "felt" the market.Ironically, once I simplified my approach and focused on risk management, consistency improved more than any new strategy ever did.


Curious to hear from other experienced traders:


What was the biggest lesson that changed your trading results forever?


Let's keep this thread practical—real lessons, not textbook advice. 👇

Learning and earning.
Member Since Feb 25, 2026   1 posts
Aug 05 at 08:18

I used to think that Jumping from one strategy to anther would give me a better winning rate, not knowing i was gambling my account. I had to sit down and force myself to learn one. Now, i see better results. its tough learning but its worth it in the end. Then learn risk management and market psychology have helped me improve a lot in this space of 6 years now. Yeah its been a journey..  #tradingforlife

Member Since Jan 17, 2025   33 posts
Aug 05 at 09:28
ShawnTariqrm posted:

I used to think that Jumping from one strategy to anther would give me a better winning rate, not knowing i was gambling my account. I had to sit down and force myself to learn one. Now, i see better results. its tough learning but its worth it in the end. Then learn risk management and market psychology have helped me improve a lot in this space of 6 years now. Yeah its been a journey..  #tradingforlife


Learning when not to trade is just as valuable as learning how to trade. Great journey! 👏

Learning and earning.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.