Common Trading Mistakes

Thursday, October 6 Leave a Comment

Most of Traders  should have gone through this cycle "they start trading, make good money mostly attributed to beginners luck , then all of the sudden they go in cycle of endless stream of losses." Eventually they end up blowing off their trading account.  Today's article is focused on most common mistakes of traders and how to avoid them.

Not having a Trading System

Most of traders do not have a trading system trading rules and trading goals. They will keep jumping from one system to another and keep testing new new things, eventually blowing up the trading account.  As a trader you need to master your skills set. Gann did not traded for 10 years he used that time to travel round the world and develop his skills. Focus on developing skills and than think about trading.

Not Protecting Yourself



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