Here are some interesting facts about trading I stumbled across from CryptoCred which I think may be helpful
Common error to avoid when you day trade, I modified some to reflect my own opinion.
1. Revenge trading, trying to get back a trade that has been lost or chasing a trade.
2. Never using a Stop
3. Not having a plan (Risk/Entry/Exit/Stop)
4. Not sticking to your plan
5. Greed risking too much/not taking profit
6. Being too emotional about a trade.
Plug these equity drains & increase your odds of being profitable.
You could add to the list and make better trades
I really like this post and it just states out the main problems that are being faced by most traders today, and I dont mean just newbie traders, but including the old traders cause most of them still dont know this. Some people here are trading without plans, and I have also noticed that some are always greedy based on the kind posts they post in the forum.
They are never satisfied with what they have got and are still looking for more. I know a guy in this forum that made a good amount of profit in this forum but decided to go all in with profit and including his main capital cause he thought he would make it big, forgetting that there are risks, he ended up losing everything and had to borrow money to start again.