Common Mistakes by Traders

• 1) Lack of Patience and Over Trading
• 2) Strictly follow the Instructions and Process shared by us to get maximum benefit out of it
• 3) Be consistent in trading. If we have suggested the trade with x lots. Trade with the same lots to get expected results.
• 4) Risk Management & Position Sizing :
  • Widening your StopLoss Once If the Price doesn’t favor you– Never do this
  • Failure to use a Stop Loss – To be a successful trader, you must be a good Risk Manager. Risk management should come before everything else.
  • Allocating Much Capital to a Single Trade – Avoid putting all your capital in one trade. Use Position sizing to safeguard your capital
• 5) Trading Psychology Mistakes to Avoid :
  • The major cause of failure among traders is emotional trading – Fear and greed are the main enemies of traders. Without these, you can make sound trade decisions and record success.
  • Once you’ve made a mistake, accept it. – There is no final destination in trading. Each trader keeps on learning.
  • Always put in honest effort to make incremental improvements. – You will increase your chances of success in the market.