CalebDismuke
Education

(USD/CAD)Trading Mistake. Taking profits too early

FX:USDCAD   U.S. Dollar / Canadian Dollar
Taking profits early was a hard lesson I had to learn. I occasionally still do it. See chart

For me, the key to LONG-TERM success in this business is not your win/loss rate, but the magnitude of your wins vs your losses.

My biggest mistakes have all come from taking profits early, not from taking small losses.

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