Losing The Trade Again

Losing the trade for GBP/USD once again. This is because I fight the trend, thinking that the trend will soon reverse. The 3 major indicators advised me not to do so, but I just ignore it. So, the movement is killing my trade, and the money I have is no longer enough to open any position. This happen to me so many times, but I just can't handle it. All I have to do is to keep trying, and put the stop lost at 35 pips. As for this one, I let it move to the opposite direction for 60+ pips, and kill my trade. What a tragic death, but winner will never quit. However, the stupid thing is that I keep repeating the same mistake.

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The Same Mistake

Sadly, I've repeat the same mistake again. As the consequence, my account run out of money. So far, I've lost approximately $100 in FxOpen micro account alone. Not to mention my standard account with FxOpen, Marketiva, and Instaforex. The mistake is that I always jump into the trade to trade the trend when the trend is about to over. Stop lost, I never work it out. Leverage and trading volume is too high that a few movement to the opposite direction can easily kill the trade. We call this "margin call", a deadly alarm in forex trading industry. I'll start a new trade session without repeating the same mistake again, I mean it; trying my best.

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