Aug 10, 2024 - Story Contest Prize Winners

What is one big profit trade you feel bad about closing too soon? How much money did you miss? (For example: I missed $7,000 profit by closing my USD/JPY trade too early at only $200 profit)	Share the story of your best trade. What strategy did you use, and how did it pay off?	What’s the biggest trading mistake you’ve made, and how did you fix it? What lesson did you learn that helps you now?	Describe your daily trading routine. How do you prepare for a trading day, and what habits help you stay disciplined?	Share your failure stories in trading – Be honest and detailed – we want to hear about the mistakes and the lessons learned.
There was one trade where I closed a EUR/USD position too early, missing out on a $5000 profit.	My best trade! It was a beautiful setup. I had a confluence of factors supporting my decision and it paid off handsomely.	My biggest trading mistake… It was a painful lesson, but it taught me the importance of sticking to my trading plan.	So, my daily trading routine is pretty chill. I start with a cup of coffee and review the news before getting into the charts.	I remember this one trade where I was convinced the market was going to turn, but it didn’t. I lost a significant amount but learned to always follow the trend.
There was this one trade where I was long on EUR/JPY, and I closed it too early, missing out on a significant profit.	My best trade! It was a beautiful combination of technical analysis and market sentiment.	Man, my biggest trading mistake… Okay, so I learned the hard way that over-leveraging is never a good idea.	Honestly, my daily trading routine is a bit all over the place, but I try to stay disciplined by keeping a close eye on my risk management.	So, I was trading EUR/USD pair. I had been watching it all day and decided to go against my initial plan, which cost me dearly.
I missed about $1000 profit trading GOLD and closing the trade too early.	I made lot of profit by swing trading it really paid off when I was patient and stuck to my plan.	The biggest trading mistake I have ever made is not having a solid plan and jumping in the trades impulsively. I fixed this by writing down my rules and strictly following them.	I have a set of instruments to analyze, I write down my targets, and I meditate before trading to keep my mind clear.	I blew accounts several times due to the mindset of “revenge trading” and I learned to never let emotions guide my trades.
I closed a profitable trade on gold on 2000 usd just 10 minutes before the price went up and I missed out on additional profits.	My best strategy was using support and resistance levels, combined with the moving average to make accurate entries.	My biggest mistake was over trading and not setting stop losses, which I fixed by implementing strict risk management rules.	I meditate and some sort of physical activity every day before trading to maintain focus.	I have been trying to trade for the last 4 years. I have lost more than I have won. But each loss has taught me a lesson and I have come back stronger.
I once had a big trade on EURUSD where I closed it early and lost out on a huge potential gain.	One of my best trades was when I used the “high and low” strategy which really paid off after I closed my trade with a substantial profit.	My biggest trading mistake was not cutting my losses quickly enough. I learned the importance of having stop-loss orders in place.	Every trading day starts with a quick review of the market news, and then I focus on technical analysis to find good trade setups.	One of my biggest trading failures was over-trading. I learned that being patient and waiting for the right setup is much more profitable.