Tuesday, October 16, 2018

Stupid Things I Do! Part Deux

Hello traders, welcome to Part 2 of Stupid Things I do.  The items I’m listing today all stem from having an attitude about trading that is way too relaxed or just straight up not being in the right frame of mind.

1.  Enter a trade without adequate supporting evidence:  This happens often when I have some time to spare and get on my laptop or phone to review trends and something catches my eye; then I say to myself  something like “hey, that looks like a good trade,” or something along the lines of, “I’ll just take a small trade here and pick up a little extra”, or the worst of all “price is definitely going to turn right here I’ve got to get a piece of that action.”  These things rarely ever work out. The decision to enter a trade needs to be planned and deliberate with evidence backing the decision, not made in the spur of the moment.  One easy way to protect yourself from falling into this trap is to commit to only enter di



from MQL5: Traders' Blogs https://ift.tt/2pWAqiS

0 comments:

Post a Comment

Followers

Contact Form

Name

Email *

Message *

Popular Posts

FOLLOW BY EMAIL

Enter your email address:

Delivered by FeedBurner