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The 4 Horsemen of the Failed Trader

From newtraderu.com

Most traders that fail and leave the markets never learn the lessons that the market was trying to teach them. In all likelihood there were four horsemen that rode through that traders account leaving lost battles, pestilence, famine, and destruction in their wake. What brings this doom upon a traders account? It is the absence of risk management and a trading plan but an abundance of predictions and ego. Most of the time traders learn these lessons the hard way but it is possible to trade from the start with risk management, a trading plan, and trading the price action while staying humble. Here is how to keep the ... (full story)

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