99% of traders loose not because of their skills or knowledge but because of their bad trading habits, let's discuss about it today👇

1) FOMO

PROBLEM - Wanting to enter a trade out of fear You missed something someone else had benefited from.

FIX - CLOSE SOCIAL MEDIA (Twitter etc.) while trading

Don't Focus too much on unnecessary info which would bring up bad FOMO habits

2) Fixing Consistency

PROBLEM - The temptation to increase risk after a series of wins in pursuit of larger profits driven by greed

FIX - Establish a consistent approach by risking a predefined $ amount on every single trade. This consistency is key to long-term success and helps avoid irrational decision-making.

3) Invalidations

PROBLEM - Switching up between a hard and soft stop loss. Not closing out of trades quickly when using a soft stop loss.

FIX - Track 100 trades and note on each trade which stop you used

Evaluate and figure out which one was giving the best results

4) Hoping

PROBLEM - Placing limit orders at support/resistance levels, hoping for a reversal without a systematic method of execution.

FIX - Develop a systematic approach to trade execution based on statistical analysis. Enter trades with confidence, relying on your well-defined strategy rather than relying on hope.

5) Trading without Stoploss

PROBLEM - Holding losing trades with the hope that the price will eventually recover.

FIX - Cut losses early by implementing proper stop loss levels. Focus on trades with good risk-reward setups, aiming for higher profits. Remember, the trend is your friend, and it's best not to go against it.