In this video we will draw your attention to some of the most frequent mistakes that traders make. From battling against the trend and opening positions with silly and large sums to having stop losses too close.
We will discuss all these scenarios and shows how they play out on real charts.
While not following the trend and placing stop losses are more technical tasks, how much money you put in a trend is something more psychological and this money management is often something traders underestimate. If you have a large position and every small move against it makes you feel a range of negative emotions then that increases the chance of misjudging or misreading the set up.
So after watching the video you should be able to avoid these pitfalls and become both technically and psychologically a better trader.
Any questions and comments – add them below.
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