Discover a common misconception that beginners easily fall into – setting a daily profit target for themselves.
Trading is never a game that lasts just one or two days; its cycles often span weeks, months, or even years.
When you set a daily target for yourself, you are very likely to enter trades during market movements you don't understand, placing orders at inappropriate positions, which can lead to a downward spiral!
I have always emphasized that stop-loss and long-term strategies are absolutely essential in trading! No one can consistently make a profit in trading! The real trading expert, Eagle Capital, shows that his win rate is only 62%, yet his return on investment is several dozen times!
