=> Wrong entry and not watching price action for a stk.
(Sol. Watch price action for atleast sometime and the RSI for oversold/overbought for the trend.)
=> Wrong side of the trade. (Wait for the price action to settle.)
=> Too big position=>Not sticking with stop loss has originally planned.
=> Holding position overnight and hoping. (Sol. you don`t need a bounce or huge win just scalp and be consistent)
=> Boredom trade and Overtrading without a plan.
(Sol. Don`t trade when there are no RSI/MACD/Screen Setups)
=> STICK TO STOPS U CAN ALWAYS RE-ENTER.
(Sol. Take loss earliest & re-think/refocus.Consistency will make you winner over these losses)
=> The moment you deviate from your original stop is the moment you open the door to huge losses
=> The hardest thing of trading is not trading 95% of the time
Trade stock if it only comes to your price else don`t trade and move on.
@Gibran I havent`t put all my trades here if I put that it will be way higher :)
Congratulations! WOW , I really prefer being more constant on winners than having a lower win/loss but more profits like most gurus out there.
@Gibran I am long biased as well mostly, i have only lost money shorting as my timing was bad or didn't know anything internally within.
Do you have twitter, I prefer watching your trades than any other guru, its confusing wacthing them do 8 setups when you are barely starting , no wonder why the learning curve is so long for many.
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