The 12 Big Mistakes People Generally Commit In Trading
- They don’t treat trading as an organized business.
- They don’t have a business plan (here trading plan).
- They don’t understand the market structure and trading psychology.
- They don’t do research before the trade.
- They start gambling after a stop-loss hit.
- They don’t maintain a trading journal.
- They don’t understand the importance of simplicity.
- They don’t have adequate self-esteem hence few losses can overwhelm them.
- They don’t have the strength, commitment & focus required for this profession.
- They don’t know how to think in terms of probabilities.
- They don’t maintain proper position sizing
- They don’t have any exit strategy.
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