Trading

The Common Psychological Causes Of Loss In Day Trading

1. You enter a trade because of fear of missing out (FOMO).

2. You don’t have any backtested trading plan.

3. Your mind is hardwired to take actions that by default lead you to losses.

4. You don’t have the perseverance to hold the trade to the end.

5. You’re unable to accept the risk per trade that you’re taking.

6. Your actions and desires are in contradiction with each other.

7. You focus more on being right rather than trading correctly.

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