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Showing posts from July, 2023

10 Trading Mistakes that will make you a loser!

You love trading, but your results constantly disappoint you. Here are 10 mistakes you're making right now: 1. Trying to learn everything there is to know about every aspect of the markets. You will need to unlearn 90% of it later to make real progress. Instead, focus on the key principles that drive market movements and price action. 2. Not focusing on what works for you and what doesn’t.  Understand your risk profile, strengths, and weaknesses. Develop a method based on your real-time trials & errors. 3. Over-optimizing your trading system.  The goal is to find a system that works for you, not to find the “holy grail”. You can minimize risk and limit losses—but you can't remove them. 4. Not keeping a trading journal. Tracking your trades is essential for analyzing your performance and improving your results. It creates a constant you can refer to and uncover hidden patterns/flaws in your performance. 5. Not having realistic expectations. Most people expect to make a fort...

Amateur Vs Professional Traders

  Amateur traders: - Focus on profit  - Focus on short term  - Focus on finding the perfect system  - Have excuses after every loss  - Have huge ego   Professional traders:   - Focus on risk management - Focus on long term  - Focus on mastering their strategy  - Focus on execution of their strategy - Have no ego