#TradingMistakes101

#TradingMistakes101 The most common mistakes beginners make in day trading are:

That day trading is something anyone can do and that they can be successful even though they are a beginner with no to minimal education. The big mistake is believing the hype and misinformation. Day trading should only be attempted by a highly skilled, extremely experienced trader who has a complete and comprehensive education about the current market structure. This education is not free on the internet.

Beginners assume that a shorter hold time lowers risk. Actually the less time you hold an open position in a stock the higher the risk. Thus the highest risk trades are those held open for a few minutes.

That SCALPING is still a viable day trading strategy. Scalping is donating your hard earned money to your broker or routing company. Penny spreads eliminated this strategy many years ago.

That professional expert traders day trade. Most swing trade as the penny spread makes it too risky to day trade.