* Over trading-- it's very important for a day trader to limit the number of trade he/she took in a day.
This is one of the reasons I was never profitable in trading. You will also get the impression that trading is simple as long as the setup entry is working. So, instead of being profitable, because you overtrade, the market recoups your earnings, and you may even lose money.
Most people can't monitor themselves when they trade, which is why they have many winning transactions but a negative port at the end of the month.
Many people hype up trading as it is so simple way to earn money that's why some people creates wrong impression about it. But when you start to trade you realize how hard to gain profit with this especially when you are new and doesn't know what to do on certain movements happen in the market. To win on trades we shouldn't follow other doing that over trading since if we settle up for profits we already seeing for sure we may became a profitable trader in the long run.