Losing Trader Habits To Avoid

Sergeant Posts : 184 Join date : 2022-06-08

Losing Trader Habits To Avoid. Why do I keep losing my trades? How do you avoid losing in trading? How do you break bad trade habits? 1. Being seduced by volatility - this used to be me. Suppose you're a day trader and you think that because the markets are moving you should be killing it. You don't have a method or strategy - you just get involved blindly. Traders need volatility but the market conditions have to be conductive to your strategy. 2. Focusing on PnL. The reason you're trading is to make money but you need to focus on execution. 3. Revenge Trading. This can be dangerous. 4. Not spotting condition changes. 5. Trading scared 6. Not trading more of what works: