➲ In my previous post about the reasons why traders lose
This is the second article
ᐅ Mismanagement of capital
This content is considered one of the useful things for new traders
The third article is on the way, let's see how many people are excited 🔥💪
❶. Mismanagement of capital:-
◀️ Entering into futures contracts and using excessive leverage
Leverage is a powerful tool that enables traders to trade larger amounts than their available capital, but using it excessively can lead to significant losses.
❷ Risks with large capital:-
◀️ Some traders risk more than 10% of their capital in a single trade, and this increases the possibility of losing capital rapidly.
◀️ Do not use stop loss orders
Ignoring stop-loss orders is a common mistake among traders, which leads to exacerbated losses.
❸. Emotional influence on trading decisions
◀️ Greed
We return to greed again, which is the desire to achieve large profits quickly that can lead traders to make reckless decisions, such as opening larger deals than necessary or entering into ill-considered deals.
◀️ Fear
#Fear of loss can lead to exiting profitable trades early or entering into losing trades out of the hope of compensation.
◀️ Revenge against #السوق
After a series of losses, some revenge-minded traders may try to recover their money quickly by increasing risk, leading to greater losses.
Finally, our previous post is about the reasons why traders lose their money
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