P2 The reasons are:
1.No background knowledge about pp so Entry is not good
2. Poor capital management, so I moved the SL far away to get stuck with 1-2 big losing orders instead of 1R as originally expected and carelessly placed orders when the first order was not profitable.
3. Weak mentality so we have to pray instead of following discipline and think about risks first instead of looking for profit
4. I looked at the screen a lot and saw the amount of money jumping around, so I intervened nonsense
5. Fear and greed are clearly shown due to putting too much emotion before, during and after entering an order.
âąAnd this order can lead to a series of subsequent wrong actions such as: stuffing more orders, reverse hedging and then depositing more money to keep the account due to low margin, adding more orders from other pairs hoping to get a little relief, and danger. The most dangerous thing is that it leads to account burning and makes trading miserable, stressful, prolonged pressure and of course affects life and makes the quality of the following orders equally bad.
âąA large corporation originates from a small company, but a big fire can start with just a cigarette butt.
âąSo following discipline and happily accepting SL is a mandatory part of the game.
A Trader's job is to practice and learn from losing orders so that such small mistakes are controlled and not repeated.
Losing in the first few years is natural, and try to limit it to the minimum level to have enough time and money on the path to finding the holy grail.
