Common Mistakes Introduction
If you are new to trading and you still have capital, let me start with the biggest mistake you can make. If your win rate is less than 75%, trim your size to 1 share until you reach that level for a few months. Trading is not easy and anyone who tells you otherwise is a liar. Learning how to trade takes time and until you master it you want to keep your “tuition” low.
In this section we will discuss some of the common mistakes traders make. Here are a few of the topics: under capitalization, not keeping a trade log, following someone else’s trades, oversizing, unrealistic expectations, no game plan and over confidence. The list of topics is long.
In this section you’ll learn from our mistakes and ideally, you’ll avoid them.