03.04 11:56 PM
Note 2
Summarize
Thomas Kralow
This is the second lesson of the 10day learn how to trade properly challenged. In
this lesson, we will talk about the most common mistakes made by traders. The most
common mistake is using information from YouTube fake gurus, etc. Around ninety to
ninety seven percent of retail traders, such as private day traders, are losing
money sooner or later. The biggest mistake is using the information from YouTube
and jumping right into money trading. This is devastating and unfortunately, this
is the reason why the percentage of people who fail at trading is so high. It
depends on the source. A lot of people start trading especially day trading because
they want to make a lot of money. I can't blame them, but what do they expect?
Those are the expectations you can have if you expect trading to be easy and you
expect that you will start making money right away. A huge portion of the 10day
challenge is on trading psychology.
The most common mistake is disregarding trading psychology. Trading is not for you
just close this window and move on to some other investment. The next common
mistake is having no patience trading is complicated once again you will need to
spend at least a few months on education. When you are using too many tools it's
not as bad as when you're using too few. Too many identical tools take indicators
macd stochastic rsi we wap atr whatever there are millions of those damned
indicators. Charts that just explains absolutely nothing let me tell you just
jumping over the head there is going to be a separate lesson on indicators trading
indicators.
This is a list of five common mistakes made by traders. There are many, many more,
and you need to be aware of all of them if you want to be successful in trading and
making consistent profits. If you don't want to spend so much time educating
yourself, I strongly recommend finding a trustworthy mentor.
Note 2
Summarize
Thomas Kralow
This is the second lesson of the 10day learn how to trade properly challenged. In
this lesson, we will talk about the most common mistakes made by traders. The most
common mistake is using information from YouTube fake gurus, etc. Around ninety to
ninety seven percent of retail traders, such as private day traders, are losing
money sooner or later. The biggest mistake is using the information from YouTube
and jumping right into money trading. This is devastating and unfortunately, this
is the reason why the percentage of people who fail at trading is so high. It
depends on the source. A lot of people start trading especially day trading because
they want to make a lot of money. I can't blame them, but what do they expect?
Those are the expectations you can have if you expect trading to be easy and you
expect that you will start making money right away. A huge portion of the 10day
challenge is on trading psychology.
The most common mistake is disregarding trading psychology. Trading is not for you
just close this window and move on to some other investment. The next common
mistake is having no patience trading is complicated once again you will need to
spend at least a few months on education. When you are using too many tools it's
not as bad as when you're using too few. Too many identical tools take indicators
macd stochastic rsi we wap atr whatever there are millions of those damned
indicators. Charts that just explains absolutely nothing let me tell you just
jumping over the head there is going to be a separate lesson on indicators trading
indicators.
This is a list of five common mistakes made by traders. There are many, many more,
and you need to be aware of all of them if you want to be successful in trading and
making consistent profits. If you don't want to spend so much time educating
yourself, I strongly recommend finding a trustworthy mentor.
