8. Trade Against the Trend! You've heard all that "trend is your friend" nonsense, but you're the Contrary Trader! You boldly go against the trend at every opportunity, because all trends turn eventually, right? You also make a habit of catching falling knives dropped by your clumsy wife, and sometimes you go down to the beach for a bit of tide-turning practice.

9. Ride Those Losses! Only losers quit, right? You decided against a stop loss of any kind, went to bed, woke up the next morning to find your position is 200 pips wrong and there are three missed calls from your broker on your cell phone. Whatever you do, don't close that sucker down! It'll come right. Eventually.

10. Cut Those Profits! Your trade is flying, it's making you money (against all the odds!) and, quite frankly, it has the potential to completely ruin your shirt-losing plans! So just cut it short! Be brutal. There is no need to let a good trade run, any more than there is to cut out of a losing trade.

So there you have it - ten top ways to lose your shirt as a currency trader!

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