Hello traders!
I am new here in this forum I don't have more knowledge about tradings, but I think maybe someday if I will given a chance to do trading I think I should try it. So I always read articles about tradings and also I read threads here in our forum about trading discussion. However I would like to ask all traders here that have more experiences about trading if what was the common problems that encountered of an ordinary traders? And what was the common mistakes had you ever experienced and how could you manage this problem and mistakes?
Can you share your thoughts and experiences about tradings.
Thank you in advance.
Someone once said to me that trading with a poor win rate and risk ratio is something I should always avoid. According to him if your trading you should always make sure that your win rate or percentage is above 50% (lets say like 60%), well that aside. The mistakes traders makes, there are lots of them and I will start with not using stop loss.
I can never trade without stop loss, thats a lot of risk to take there. So always make use of stop risk. Another thing should be adding to a losing day trade. These two I can mention for now.