How to convert 1000$ to 0$ in trading:🧐
1)- Ignore learning about technical analysis and rely on the words of others without confirming the actual market direction.
2)- Not having a trading plan and sticking to it.
3)- Entering trades against the trend, that is buying when selling and selling when buying.
4)- Inability to manage risks such as stop-loss and the appropriate amount to trade depending on the capital size, etc.
5)- Ignoring major market movements.
6)- Going along with feelings of fear and revenge.
7)- Not accepting losses, which makes you hope for the price to return to you, causing you to lose more, especially if you haven't set a stop-loss; this stop-loss is one of the most important things to consider before entering any trade.
There are other reasons for failure in this field, but what was mentioned was the most important.
And this, dear one, is how you convert 1000$ to 0$ 🤣
Share with us in the comments what was the largest amount you lost in trading😉
