Why you keep Losing money 💵🌞 ???
1. Rush into new trades after experiencing a few losses in order to win the money back quickly.
2. Fear taking the next valid trade after a series of losses.
3. Stay in a losing trade ‘hoping’ that things will turn around.
4. Focus on short term results & lose their perspective.
5. Fail to stick to a consistent percentage risk per trade (R%).
6. Constantly changing trading systems/ strategies after experiencing short term losses.
7. Focusing on the account balance instead of following the system.
8. Get emotionally affected by losses- fear, stress & loss in confidence.
9. Blame and find external reasons for their losses.
10. Desire to ‘take revenge’ on a coin, token or even the market after experiencing a loss.
11. Trade with methods that do not suit their personality. It is good to learn from other traders but don't copy them blindly. Learn to adjust and build a trading system that suit your overall personality
In conclusion, there's no single trader who is always right his decisions all the time. We have to make a commitment to learn from our poor trading decisions and not repeat them. That's is when we can see positive results in the market.
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