Trading Behaviors That Destroy Traders
- Being a Know-it-all: Wanting to be right about everything more than wanting to make money is very unprofitable. It is difficult for many professionals from other fields to take a beginners mind in this new endeavor of trading.
- Not having patience: Trading is a long process of study, testing, mentoring, and live trading you have to see it through from beginning to end to reap the benefits.
- Trading out of fear: Fear makes traders miss entry signals and get our of winning trades too early.
- Trading out of greed: Greed makes traders trade too big and risk too much which causes them to give back their profits over and over.
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