11 Trader's sins! - page 3
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I would go for #11. As a new trader, this is all I need to keep me going. I notice traders who are so impatient, their impulsiveness boosts up. Tsk tsk.
Very important eleven points mentioned here. We all know about the points. But during trading most of us forget the rules . May be it is for greed , lack of analysis skill or may be lack of interest on making trading plan . After trading some month we fully loss our appetite to learn new and effective strategy. This thing also can be a reason of loss.
Among the list, what do you think is the biggest mistake a trader can do.
1. Not Having a Trade Plan...
2. Not Having Money Management...
3. Not Using Protective Stop Loss Orders...
4. Taking Small Profits and Letting Your Losses Run...
5. Overstaying Your Position...
6. Averaging a Loss...
7. Increasing Your Commitment with Success...
8. Over Trading Your Account...
9. Failure to Take Profits from Your Account...
10. Changing the Trade Plan Mid-Trade...
11. Not Having PatienceAll of these are very important in a trader, if you lose 1 of these traits then you cannot be called a successful trader. You should implement this to yourself because only you can help yourself to achieved your goal.