Overtrading is a big NO in trading. As long as trading is done with an abuse and is not following already the perfect timing to trade, then trading will result into creating unbearable losses. Some may immediately leave the market for good due to consecutive losses that make them sucked their funds while others are brave enough to consistently face their struggles in trading and eventually learn from it.
Overtrading is never a good option. Instead learn to wait for the market to be favorable to trade and trade only when the market is giving good signals to trade.
If this situation occurs, traders should start to learn that there is something wrong in the analysis or asset selection they are doing.
Sometimes traders have the feeling of chasing profits when they experience consecutive losses. of course that is a bad choice because the situation will only increase losses because trading like that is not recommended.
however, traders are sometimes too eager to trade every day. especially if they are beginner traders. they have a lot of interest in a lot of assets and they want to try them out.
It's not wrong if done by beginners. it even seems natural for beginners to make such trades. but it's not recommended. especially if a novice trader has no one to direct them or friends to help them. it can be very bad when a trader chases a win in a series of losses that have already been earned.
traders must have control over when they should exit a trade and when they should continue. The target is still profit, but we cannot avoid losses if what we do ends up not being in accordance with plans and expectations.
We do all start on being a noob on which it would really be just that natural that we would really be experiencing those mistakes and errors on which it would really be just that common. As we do go far ahead then we would really be that slowly be able to learnt up new things as we do go forward. No one starts on being a pro directly on which it would really be just that normal that we are really that prone to tons of mistakes comparing into those people who do already have the experience on which it would really be just that normal that they would be having that edge but sooner or later those noobs would really be becoming that experienced and this is something that everyone would really be going. You would really just need for yourself to sustain and survive.
Yes, its never been easy but not something that impossible!.Over trading would really be that usual specially on noobs or into those people who dont have much experience. You wont really be that
able to survive or proceed on if you would really be just easily give up. Adjustments and be versatile is the primary behavior on which you would really be that needing
for you to surve this market. It wont really be that simple but not impossible.