Deposit Management
Part 6: Mistakes That Lead to Losses
Every trader makes mistakes, but it is important to recognize and correct them in a timely manner. Most losses occur due to the same avoidable reasons.
Top 3 Trader Mistakes
1. Lack of Stop-Loss:
Hoping that the market will turn around often leads to a total loss of the deposit.
2. Excessive Use of Leverage:
High leverage increases both profit and risk.
3. Emotional Trading:
Greed and fear cause traders to make impulsive decisions, violating strategy rules.
How to Avoid These Mistakes?
1. Use Stop-Loss: Set it immediately when entering a trade.
2. Choose Moderate Leverage: Do not use more than 3x or 5x, especially if you lack significant experience.
3. Follow the Strategy: Develop a trading plan and strictly adhere to it, regardless of emotions.
Tip for Experienced Traders
Keep a trade journal. Record each trade, noting the reason for entry, set limits, and results. Analyzing mistakes will help you avoid them in the future.
