For new market traders, review these common trading mistakes so you can avoid emotional blunders with your investments and take advantage of psychological edges.
The mechanics of trading are relatively simple. A click or two gets you into a trade, and a click or two gets you out. But the decision-making process behind those clicks is much more complex. And with...
I hope you already know that losing trades are inevitable in trading. No matter how professional a trader is, mistakes are made. It's part of the game, and the possibility of making mistakes should simply be factored into your trading strategy. But what really matters for success in the market is how you handle the fact of incurring losses.
Today, I've compiled a...
Introduction
When starting out as a trader or investor, it is important to be aware of the mistakes that can be made. Mistakes are common, and even experienced traders and investors make them from time to time. However, new traders and investors are particularly vulnerable to making mistakes, which can lead to significant losses. In this article, we will discuss...
BINANCE:BTCUSDT
Some Of the Main mistake's Beginner Trader often make ;
* Trading without a trading plan. Every trader needs a trading plan.
* Trading too much, too soon.
* Emotional trading.
* Guessing.
* Not using a stop-loss order.
* Taking too big positions.
* Taking too many positions.
* Over leveraging.
1. Not having a trading plan: A trading plan is a set of rules that outlines a trader's entry and exit points, risk management strategy, and overall trading approach. Without a plan, traders are more likely to make emotional and impulsive decisions.
2. Not managing risk properly: Risk management is crucial in trading, as it helps to limit potential losses and...
☑️A trader with a plan is someone who has a well-defined trading strategy that outlines their entry and exit points, risk management approach, and overall trading philosophy.
☑️They have a clear understanding of the markets they are trading and make decisions based on objective analysis and research. They are disciplined and stick to their trading plan, even...
I thought I'd share my experience with other New Traders (I'm still 'new', 2yrs in). I made all the classic mistakes and plenty more, my learning is only just beginning.
Hopefully this educational post helps others new to trading.
Use a Stop Loss
So many times I didn't use a Stop Loss. One of the main reasons was I kept getting Stopped Out and then the price...
Hey traders,
I've had the privilege to have been involved in trading, both retail trading and working within a prop firm for many years. The biggest benefit I get, is to work with so many different traders with so many different strategies, personalities, timeframes, assets, you name it. I've probably worked with a trader that trades it. Now, there's a few...
✳️Trading is a difficult process, and it often takes some time to figure out what works for you finding your edge . However, if you can avoid these common trading mistakes when starting your journey in the financial markets, then the learning curve will be much smoother.
It’s important not only that we understand our own biases but also how they play into the...
Hello everyone, as we all know the market action discounts everything :)
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In today’s video, we will be looking at the most 3 common mistakes that traders do.
Now everyone makes mistakes but I have noticed that a lot of people make these mistakes...
The ability to interpret candlestick patterns and patterns gives us the key to understanding price movements. Once you learn how to read charts, you can trade any instrument in any market.
From a technical point of view, everything seems to be as simple as possible. Why then most traders can't get stable profits? Of course, everything can be put down to lack of...
So let’s talk about the five biggest trading mistakes that cause traders to lose money. And one of them is the account killer that I’m saving for last.
When you are trading, you need to have a trading strategy. You already know this, this is nothing new.
The 3 Key Elements To Every Trading Strategy
There are three key elements to every single trading...
This is what I have discovered over the last 4 years. It is not advice for anybody. If you identify with some of it, fine. If not, leave it alone. Share your own lessons learned.
1. If I'm on the right side of the trend, it is my friend - else it is my foe.
2. Stalk and plan ahead 90% of the time but trade 10%.
3. Do not chase.
4. Appreciate the power of...
Hey my friends,
here another educational Video for thise who can`t make money in the long-run!
This is especially good for beginners and advanced traders who can`t make profit.
I hope you enjoy it! ;-)
Peace and happy learning
Irasor
Trading2ez
Wanna see more`? Don`t forget to follow me!
Any questions? Need more education or signals? PM me. ;-)
Hey everyone,
welcome to my second Video about fibonacci and how you should and should not use retracement- and extension levels. :-)
There is way more to say about resistance and support-levels.
Since I only got 10 mins. for a video I can just talk about small pieces and highly recommend you to check more about this topic.
I just wanted to give you an...
$ICX was supposed to make a bounce off the retracement lines but ended up far lower. Let's examine what happened and what I or any day trader should have done and seen.
What went wrong:
First off, we have the triple top formation highlighted in red boxes. This is an indication to look out for bearish reversal, and to find the trough of the triple top and...
