My Trading Loss Reached $18.60 After I Left a Position Unattended
I was facing a floating loss of about $7 and left the trade unattended for two hours. By the time I wrote this post, the loss had grown to nearly $20. The screenshot shows an unrealised loss of $18.60. I also opened a counter-trade with a 10x lot size against my sell position. I sometimes trade without stop-loss orders, but I have learned that trying to outsmart the market can lead to painful losses. My reminders are to avoid rushing into trades or counter-trades, and to pay attention to risk and the risk-of-ruin ratio. I’m sharing my experience, not a guarantee of results.
Use The App To Win ₦1m
Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.