Common Mistakes Traders make

• Traders jump from trading strategy to trading strategy. Traders must find specific methodologies and systems and focus on trading them with discipline.

• Position sizing is too big. New traders tend to trade so big that it engages their emotions to interfere with the trade and creates big losses that destroy their capital.

• They don’t use stop losses. Traders tend to focus so much on entries and being right that they fail to have an exit plan if they are wrong and if they do they tend to not take the initial stop loss level and instead hope for a rebound.

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