#TradingStrategyMistakes In a very short time, I have made many mistakes in trading, but I have learned to value each one of them because mistakes are a valuable learning experience.
Some of these have been:
1. Not having a plan with amounts, time limits, and clear emergency plans. Acting on impulse.
2. Acting on emotions both in the entries and exits of a trade. Clinging to a trade that no longer shows signs of surviving. Entering out of impulse, exiting out of fear.
3. Not having a clear maximum loss point "Stop-Loss". Every action carries a risk of loss.
4. Betting everything on a single operation. You must have a clear working margin.
5. Making too many operations. Most of the time, less is more.
Some of these have been:
1. Not having a plan with amounts, time limits, and clear emergency plans. Acting on impulse.
2. Acting on emotions both in the entries and exits of a trade. Clinging to a trade that no longer shows signs of surviving. Entering out of impulse, exiting out of fear.
3. Not having a clear maximum loss point "Stop-Loss". Every action carries a risk of loss.
4. Betting everything on a single operation. You must have a clear working margin.
5. Making too many operations. Most of the time, less is more.