Pro Traders Never Make These Trading Mistakes, You Should Too.

 Newbie traders after booking loss in a trade, instantly, jump into a new trade out of revenge to cover the losses and end up blowing up their trading account.

Revenge Challenge:

90% of traders fail because they focus on learning new strategies instead of mastering a single strategy that meets their temperament. 

Jack of Trading Strategies, Master of None

Trading without stop loss is the worst trading mistake one can make. The day you swear not to trade without Stop Loss Order, you achieve first trading milestone. 

Trades without Stop Loss

In trading 80% psychology and only 20% trading knowledge is required to become a successful trader. Never trade what you think market will do instead follow the analysis.

No Emotional Control

Worst of all trading mistakes is trading against the trend. Traders after finding a clear breakout, instead of placing a trade in the direction, do the reverse. 

Trading Against the Trend

Traders after having good technical analysis knowledge due analysis paralysis fear to trade and often miss the opportunities.

Analysis Paralysis

Traders after having good technical analysis knowledge often become victim of analysis paralysis. They know they are correct but still fear to trade and often miss the opportunities.

Analysis Paralysis

Due to greed and fear of missing out, traders take risk out of their limits and end up quitting trading. Remember one who follows risk management and position sizing never fails.

Greed and FOMO

Influencers’ inspiring profit screenshots, triggers envy in traders that if they (influencers) can do this why not they. Such traders never understand that influencers too make losses.

Envy

Photo Frame

Trading is all about is hit and trail method. In trading everyone including professional traders make mistakes. We are supposed to learn and not to repeat mistakes again.

Repeat Trading Mistakes

Trading is subject to continuous learning because trading changes everyday. Keep learning and improving yourself.