What is your biggest flaw or demon in tradeing? How are you dealing with it?
here are a few trading sins most of us have done.
1. Not taking stops.. and doubling down.. Fear of being wrong!
2. Not following your plan.
3. Exiting too soon. Get a few pips in profit and close!
4. Enter too late.
5. wrong size trade.
6. didn't take a planned trade.
7. enter too soon.
8 boredom trades with no signal.
9. incorrect stop placement
10. moving your stop.
11. no trade plan
12. constantly changing trade plan.
13. Chasing a price move out of excitiment, just to buy the top.
These are a just few most all of us struggle with at one time.
Some are psychological problems, other stem from not having confidence in your plan.
I have done them all at one time or another, but my biggest was not wanting to take a stop, moving it down and adding.. Sometime I could get aways with it, but other times resulted in huge loss. Once I conquered it, and it wasn't easy, I became a better trader!
here are a few trading sins most of us have done.
1. Not taking stops.. and doubling down.. Fear of being wrong!
2. Not following your plan.
3. Exiting too soon. Get a few pips in profit and close!
4. Enter too late.
5. wrong size trade.
6. didn't take a planned trade.
7. enter too soon.
8 boredom trades with no signal.
9. incorrect stop placement
10. moving your stop.
11. no trade plan
12. constantly changing trade plan.
13. Chasing a price move out of excitiment, just to buy the top.
These are a just few most all of us struggle with at one time.
Some are psychological problems, other stem from not having confidence in your plan.
I have done them all at one time or another, but my biggest was not wanting to take a stop, moving it down and adding.. Sometime I could get aways with it, but other times resulted in huge loss. Once I conquered it, and it wasn't easy, I became a better trader!
The only system that will work is one designed by and for yourself.
...and certainly covers the biggies. I think one of my major issues has been overcomplicating trading with useless, brain-clogging indicators. I now trade with an almost naked chart along with currency strength and my trading has improved dramatically!
same thing
