Trading Losses

3 Trading Mistakes You Cannot Afford to Make

These 3 trading mistakes will most certainly lead to disaster. More can be read about these mistakes here. Impulse Trades – The impulse trade is usually a much liked trade. It makes you feel like you actually know what you are doing, like you have some sort of control over the markets. Sadly, they always end in disaster. Go back and look for yourself. Evaluate your trades by how well you followed your setups. Here is a post on how…

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Revenge Trading, Why Trying to Get Even is a Mistake

For newer traders and veterans alike, revenge trading can become a big problem and lead to over trading. When a trade goes against you we sometimes feel the need to get back to even, or make it back on the next trade in the market that took it from us in the first place. This in turn leads to more losses. The most important thing about trading is knowing when to stop. Having a rule, or line in the sand…

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