What a shocker, and only myself to blame.
Things I did wrong.
1) Overbet - check
2) Let a trade go in play - check
3) Have a trade go to my stop/loss and not get out - check
4) Unwilling to accept a small loss and suffer a much bigger loss - check
There are probably more errors that I made but these are the repeated errors which have cost me consistently. They seem like easy mistakes to avoid yet I keep doing them. This one cost me a massive $249.75 (massive for my stakes level).
The good news is that even with this shocker that I have had 85 winning trades and 39 losing trades. This ratio of winners to losers is enough for me to show a profit if I can just stick to my rules. IF
I have to learn that taking a loss is an unavoidable part of trading. I can not have only winning trades no matter how much research I do. So if taking a loss is unavoidable I have to find a way to accept this and take the loss at my stop/loss point and move on to the next trade. I will find a way to do this.
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