How to avoid trading mistakes that make you LOSE a lot of money?

in #bitcoin6 years ago (edited)

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(Image Source Gooogle)

Trading success does not consist in never making mistakes but in never making the same mistake a second time.

How to stop making dangerous trading mistakes?

  1. Analyze your trades and see where you could have went wrong. Write down your mistakes.
  2. The next time you trade, reference what you wrote down and look for that very thing when looking for trade setups.
  3. Avoid it.

7 habits to master to make massive profits

  1. Patience.
  2. Study the other traders.
  3. Study your trading.
  4. Find your trading style.
  5. Master risk management.
  6. Become the master of your mind.
  7. Understand odds and statistics.

"The smarter you are, the luckier you get."

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This is really good advice. Thanks for posting this. Simple and straightforward.

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good information. thanks.

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