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Mistakes

Why can't you make it?Hello dear traders, These are some common mistakes that i used to do that are part of my trading journey which is about 6-7 years. This is my first video on tradingview so apoligize for some pauses in my speech. I was a bit nervous when i did it. If you are at the beginning of your trading journey and it seems that everything is wrong, you gotta ask yourself why can't you make it? Here are some common mistakes that i did and some that i gathered from various discord and slack groups. 1. FOMO-ing (i guess this is in all the videos out there) - Remember that money goes from impatient to the patient. 2. Journaling - this is an important and key process of your trading journey. No matter how boring it looks, its gonna make you better i promise 3. Understanding macro concepts - this is a very important aspect and unfortunately it takes time to progress in this matter. There is always something to learn when it comes to macro economics. Its very important to gauge your sentiment from having a good understanding on what is happening globally. You can do it! Even if you trade mechanical its good to have it in the back of your head. 4. Not writing down key levels on a daily basis (updates of the assets you are trading) 5. Phone trading(while good to watch the markets sometimes) just so you know professional traders dont do it(probably only to adjust orders). We spend time in front of the desk like a regular job. Also it distracts you from being social and turns into an angry monkey because you are high on watching the markets. Been there done that. 6. Quitting your job to trade full time - before you make this switch make sure you are at least profitable for one year on a real account. This is a very common mistake and i met some people along my journey that ended up pretty bad. 7. Overtrading and spending 12-14 hrs in front of the pc - very unhealthy habit and it will turn into an antisocial being. Less is more! 8. Overleveraging - If you dont protect your capital, who else will do it for you? You are the warden of your money and you should treat them with a serious attitude. No one likes to lose so lose less until you get better to crank that leverage up. (use a degen account if you want to go banana on an account but not on the main account) 9. If you are in a trade with defined risk (don't micro manage it) leave it to play out. You already knew the risk from the beginning and you already defined it. Closing too soon can lead to consecutive losses. 10. Using more than 1% risk per trade. Dont go more than that even if its a small account. It will help you build confidence in time. 11. Having a good process -> how many sessions do you want to trade? 1 or 2? (london&new york) ...i mostly trade London and then calling it quits for the day. 12. Daytrading(just so you know there are days where you have to wait for the pricce to come to your levels and it may take a few days for one trade to actually happen) You know what to do in that spare time, learn about the markets and review your trades. If you want you can add more mistakes here. I hope your journey is a successful one and you want to become better everyday in everything you do. You can do it!
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by Inorogu
The Most Common Mistakes in TradingHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ In today’s video, we will be looking at the most 3 common mistakes that traders do. Now everyone makes mistakes but I have noticed that a lot of people make these mistakes again and again and they always wind up losing trades because of these mistakes. Here are the most common mistakes in trading : I hope that I was able to help you understand these mistakes better and if you have any more questions don't hesitate to ask. This is not Financial Advice its a pure Educational video. Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI , The MACD , The Bollinger Bands , The Different Types Of Trading Strategies, Candlestick Charts Part 1 & 2 and 3 , Classic Chart Patterns you need to know. links will be bellow
BITSTAMP:BTCUSDEducation
by GabiDahduh
15
Marrying the Trade is BAD :( - Daytrading RECAP 04/15/20Hi traders, It looks like I celebrated too early! Not being able to short ICD and one mistake put me back into negative for the week. But that's life! *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.* Three trades today: 1) DAL - LONG half position @25.23, aerolines crumbled from that point on. -0.41% 2) IVZ - LONG @9.09, eventually followed the market down. -0.85% 3) OXY - SHORT @13.34, it fought HARD but didn't make it to my full target and I was too stubborn to close it. -0.93% How you guys did today? Total PnL for the day: -2.19% Total PnL for the week: -1.33% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
How you NOT use Fibonacci! Support&Resistance for beginners!Hey everyone, welcome to my second Video about fibonacci and how you should and should not use retracement- and extension levels. :-) There is way more to say about resistance and support-levels. Since I only got 10 mins. for a video I can just talk about small pieces and highly recommend you to check more about this topic. I just wanted to give you an example how the market works and how it respects resistance and support-levels. There are more Traders than those who safe profit to cause resistance or support-zones. Stop-Loss-Levels gets triggered, Take-profit, fundamentals, those who are flat and wait for signals and so on. If you wanna see more about that topic just use the comment section and tell me more about your wishes. :-) You can also PM me! Peace and good trades Irasor Trading2ez Wanna see more? Don`t forget to follow me. :-) Need education or more signals? PM me. :-)
COINBASE:BTCUSDEducation
by Trading2ez
15