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Six classic mistakes young traders make
The question I am often asked is, "How do know if someone has what it takes to be a great trader?' There is no checklist. Being a good trader is part science, part art. However, one trait that is universal among all good traders is eliminating mistakes. One mistake can ruin a lot of good work. Here are the top six mistakes that young (and old) traders make: 1. Cutting winners too soon This is a very classic mistake. Young traders are too quick to take a small profit when a position starts to go their way and miss the really big move. Be patient with winning trades. Apple is a great example. If you had made a ... (full story)
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- Joined Jan 2013 | Status: Member | 29 Comments
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