Post
Topic
Board Trading Discussion
Re: Common Errors of Trading
by
KrishaBitcoin
on 15/10/2018, 02:47:59 UTC
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


In addition, parience is a virtue that without patience then losing will be more than earnings as we really need patience so that we could surely avoid all of these errors in the future and exhibiting patience means that you can be persistent and stay in something for the long run.